Madison Co Had the Following Activity During 20X7 What Was the Cash Flow from Financing Activities?
A) $255,000

Multiple Choice

Madison Co had the following activity during 20X7: $$\begin{array} { | l | r | } \hline \text { Face value of bond issuance } & \$ 200,000 \\\hline \text { Amortization of bond premium } & 2,000 \\\hline \text { Unamortized premium on bond issue } & 12,000 \\\hline \text { Payment of long-term note payable } & 45,000 \\\hline \text { Dividends paid to shareholders } & 25,000 \\\hline \text { Sale of shares } & 125,000 \\\hline \text { Gain on the sale of equipment } & 75,000 \\\hline\end{array}$$ What was the cash flow from financing activities?

A) $255,000
B) $267,000
C) $300,000
D) $269,000