Turkey Company is preparing its Statement of Cash Flows and gathered the following information:
1. Since the previous year:the cash account increased by \$35,000, land increased by \$40,000, Equipment decreased by \$15,000, Accumulated Depreciation – Equipment increased by \$6,000, Retained Earnings increased by \$340,000, and Bonds Payable increased by \(100,000,
2. Depreciation expense for Equipment totaled \)16,000.
3. Equipment with a purchase price of \$15,000 was sold for a \(2,000 gain.
4. Turkey loaned \)24,000 to Potatoes Company signing a long-term note receivable.
5. Net income was \(420,000.
6. Turkey issued 100,000 shares of \)5 par value common stock. The additional paid-in capital from this transaction was \$300,000.
What is Turkey Company's net cash flow from financing activities?
