ABC Corporation's Financing Cash Flows Which of the following is true about ABC Corporation's cash flows from financing activities for the year 2020? [The information below is the same as what appeared on the last group assignment.] Information from the 2020 Income Statement: Net income (loss) $ (380,000) Depreciation expense 150,000 Amortization expense 25,000 Information from the Balance Sheet: Dec. 31, 2020 Dec. 31, 2019 Cash and equivalents $ ? 427,000 Accounts receivable Inventory Prepaid expenses 200,000 230,000 140,000 160,000 40,000 30,000 190,000 180,000 50,000 10,000 45,000 20,000 Accounts payable Accrued liabilities Taxes payable Other information: Cash paid for interest, $20,000. . Cash paid for dividends, $6,000. Cash dividends received, $4,000. Cash proceeds from bank loan, $29,000. Cash purchase of treasury stock, $11,000. Cash paid for equipment purchase, $27,000. Cash received from issuance of common stock, $37,000. Cash received from sale of land with a $32,000 book value, $25,000. Acquisition of land costing $51,000 by issuing preferred stock. Payment of a $100,000 note payable by giving equipment with a $77,000 book value and $100,000 fair value. Multiple Choice Cash proceeds from a bank loan is a financing cash outflow. Cash received from a stock issuance is a positive financing cash flow. Payment of a note payable by giving equipment is a financing cash flow. Cash dividends received is a financing cash inflow. Cash paid for interest is a negative financing cash flow