Dristell inc. had the following activities during the year (all transactions are for cash unless stated otherwise): a building with a book value of $400,000 was sold for $500,000. additional common stock was issued for $160,000. dristell purchased its own common stock as treasury stock at a cost of $75,000. land was acquired by issuing a 6%, 10-year, $750,000 note payable to the seller. a dividend of $40,000 was paid to shareholders. an investment in fleet corp.’s common stock was made for $120,000. new equipment was purchased for $65,000. a $90,000 note payable issued three years ago was paid in full. a loan for $100,000 was made to one of dristell’s suppliers. the supplier plans to repay dristell this amount plus 10% interest within 18 months. required:
calculate net cash flows from financing activities.