1. Norris Company issued 10,000 shares of $1 par common stock for $25 per share during 2010. The company paid dividends of $24,000 and issued long-term notes payable of $220,000 during the year. What amount of cash flows from financing activities will be reported on the statement of cash flows?

	$6,000 net cash inflow.
	$226,000 net cash inflow.
	$470,000 net cash outflow.
	$446,000 net cash inflow.