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Flow Company has provided the following information for the year ended December 31, 2016:
- Cash paid for interest, $19,000
- Cash paid for dividends, $7,200
- Cash dividends received, $5,200
- Cash proceeds from bank loan, $27,000
- Cash purchase of treasury stock, $10,000
- Cash paid for equipment purchase, $26,000
- Cash received from issuance of common stock, $36,000
- Cash received from sale of land with a $31,000 book value, $24,200
- Acquisition of land costing $50,000 in exchange for preferred stock issuance.
- Payment of a $160,000 note payable by exchanging used machinery with a $76,000 book value and $160,000 fair value.
How much was Flow's net cash flow from financing activities?
A net inflow of $45,800.
A net outflow of $51,800.
A net inflow of $27,000.
A net outflow of $47,600.
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