The following selected account balances were taken from ABCCompany's accounting records during 2018: January 1, 2018 December31, 2018 Inventory 69,000 35,000 Accounts payable 47,000 41,000Long-term notes payable 165,000 130,000 Income tax payable 11,0007,000 Investments 89,000 68,000 Accounts receivable 77,000 84,000Land 60,000 89,000 Common stock 100,000 175,000 Retained earnings26,000 41,000 The following information was taken from ABCCompany's 2018 income statement: Sales revenue $422,000 Cost ofgoods sold 361,000 Gain on sale of investments 11,000 Income taxexpense 22,000 Net income $ 50,000 Calculate the net cash flow fromfinancing activities for 2018. If your answer is negative, place aminus sign in front of your answer (e.g., -1234).
