ABC Corporation Comparative Balance Sheets at December $31($in millions$)$

Assets

$20$X$1$

$20$X$2$

Liab. & Shareholders$$ Equity

$20$X$1$

$20$X$2$

Cash

$$8$

$$6$

Notes payable

$$15$

$$10$

Accounts receivable

$16$

$22$

Accounts payable

$6$

$12$

Inventories

$15$

$16$

Accrued wages

$4$

$6$

Total current assets

$39$

$44$

Accrued taxes

$3$

$5$

Fixed assets, net

$53$

$54$

Total current liabilities

$28$

$33$

Other assets

$3$

$5$

Long$-$term debt

$12$

$8$

Common stock

$15$

$18$

Retained earnings

$40$

$44$

Total assets

$$95$

$$103$

Total Liab. & equity

$$95$

$$103$

ABC Corporation Statement of Income and Retained Earnings

Year ended December $31,20$X$2($in millions$)$

Net sales

$$75$

Expenses

Cost of goods sold

$$35$

SG&A expenses

$7$

Depreciation

$12$

Interest

$3$

$57$

Net income before taxes

$$18$

Less: Taxes

$6$

Net income

$$12$

Add: Retained earnings at $12/31/20$X$1$

$40$

Subtotal

$$52$

Less: Dividends

$8$

Retained earnings at $12/31/20$X$2$

$$44$

Part A

In the statement of cash flows, what is the cash flow under financing activities?

Group of answer choices

inflow of $27$

inflow of $14$

outflow of $14$

None of them

outflow of $27$

Part B

In the sources and uses of funds statement, which one of the following is NOT a use of fund?

Group of answer choices

Other assets

LT debt

Inventories

Cash

None of them

Fixed assets, net

AR

Notes payable

Part C

In the statement of cash flows, what is the cash flow under investing activities?

Group of answer choices

inflow of $27$

None of them

outflow of $15$

outflow of $27$

inflow of $15$

Part D

In the statement of cash flows, which one of the following is NOT a financing activity?

Group of answer choices

Interest paid

Dividends

Common Stock

LT Debt

None of them

Notes payable