3. Selected data from the statement of financial position of a publicly accountable entity is as follows: 20X1 20x0 Right-of-use (ROU) asset Lease obligation ? Common stock ? $14,500,000 Contributed surplus common stock Repurchases 930,000 1,450,000 $? On January 2, 20X1, the entity leased an asset. The lease term is eight years, the fair value of the asset is $650,000, and the guaranteed residual value is $100,000. The entity expects to return the asset at a fair value of $75,000. The interest rate implicit in the lease is 5% and is known to the lessee. The first lease payment of $85,807 was made on January 2, 20X1, and the second lease payment was made on December 31, 20X1. The entity had 2,000,000 shares outstanding at December 31, 20X0. During 20X1, the following common share transactions took place: March 15 July 20 Issued 200,000 shares for total proceeds of $2,220,000 Repurchased 35,000 shares On June 15 and December 15, 20x1, the entity declared a $0.50 dividend on common shares payable on July 15, 20X1, and January 15, 20X2, respectively. Interest is considered an operating cash flow. Based solely on the above transactions, what is the cash flow from financing for the year ended December 31, 20X1? a) $188,058 cash inflow b) $273,865 cash inflow c) $539,865 cash inflow d) $808,635 cash outflow