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.Sold a piece of equipment of $50,000.The equipment had a book value of $20,000

5.Earned net income of $140,000

Based on the financial information presented above, determine net cash flow from financing activities for the year.