Weston is preparing the company's statement of cash flows for the fiscal year just ended. Using the following information, determine the amount of cash flows from financing activities:
- Net income -$182,000
- Gain on the sale of equipment -12,300
- Proceeds from the sale of equipment- 92,300
- Depreciation expense- equipment- 50,000
- Payments of bonds at maturity- 100,000
- Purchase of land- 200,000
- Issuance of common stock- 300,000
- Increase in merchandise inventory- 35,400
- Decrease in accounts receivable- 28,800
- Increase in accounts payable-23, 700
- Payment of each cash dividends- 32,000