A company reported the following information for a financial year:

Profit from ordinary activities before income tax expense

264000

Income tax expense

70000

Depreciation expense

24000

Issue of shares

120000

Loan made to another company

24000

Increase in accounts receivable

8000

Decrease in inventories

12000

Cash received from loans receivable

4000

Dividends paid

16000

What is the net cash inflow (outflow) from financing activities?

Select one:

a.$120 000 net cash inflow.

b.$(16 000) net cash outflow.

c.$124 000 net cash inflow.

d.$104 000 net cash inflow.