8) Wisconsin Company reported selected accounts as follows: Accounts payable Bonds payable Common stock December 31, 2014 $20,000 $40,000 $20,000 December 31, 2015 $30,000 $28,000 $24,000 Dividends of $8,800 were declared and paid by December 31, 2015. What was the net cash flow from financing activities for the year ended December 31, 2015? A) $6,800 cash outflow B) $16,800 cash outflow C) $6,800 cash inflow D) $16,800 cash inflow 9) On a classified balance sheet, the Equipment account is reduced by A) Allowance for Bad Debts B) Allowance for Doubtful Accounts C) Accumulated Depreciation D) Depreciation Expense