Answer:
Cash flow from financing activities is $2,040,000
Step-by-step explanation:
Cash flow from financing activities
Inflows
Proceeds from common stock $400,000
Proceed from common stock(Employees) $100,000
Issuance of bonds $1,200,000 $1,700,000
Outflows
Cash dividend on common stock $160,000
Cash dividend on preferred stock $60,000
Purchase of treasury stock $120,000 340,000
Cash flow from financing activities $2,040,000