7. A business has the following financial information for the year: 1. Issued 10,000 shares of common stock for $20.00 per share 2. Issued long term debt of $500,000 3. Paid dividends of $85,000 4. 5. Sold a piece of equipment of $50,000. The equipment had a book value of $20,000 Earned net income of $140,000 Based on the financial information presented above, determine net cash flow from financing activities for the year