1. Refer to the following information for the year 2015: (10 pts)

a. Long-Term Notes Payable, beginning balance, $80,000

b. Long-Term Notes Payable, ending balance, $76,000

c. Common Stock, beginning balance, $3,000

d. Common Stock, ending balance, $26,000

e. Retained Earnings, beginning balance, $75,000

f. Retained Earnings, ending balance, $115,000

g. Treasury Stock, beginning balance, $6,000

h. Treasury Stock, ending balance, $10,000

i. No stock was retired.

j. No treasury stock was sold.

k. During 2014, the company repaid $36,000 of Long-Term Notes Payable.

l. During 2014, the company borrowed $32,000 on a new Note Payable.

m. Net income for the year was $49,000.

n. Assume all dividends declared during the year were paid.

How much was the net cash flow from financing activities?