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Avatar Auto Parts Company is preparing its statement of cash flows using the indirect method. Refer to the following portion of the comparative balance sheet:

Avatar Auto Parts Company is preparing its statement of cash flows using the indirect method. Refer to the following portion of the comparative balance sheet:

Avatar Company
Comparative Balance Sheet
December 31, 2014 and 2013
2014 2013 Increase/decrease
Accounts Payable $4,000 $ 6,000 $(2,000)
Accrued Liabilities 2,000 1,000 1,000
Long-Term Notes Payable 56,000 64,000 (8,000)
Total liabilities $62,000 $71,000 $(9,000)

Additional information provided by the company includes the following: 1) During 2014, the company repaid $35,000 of Long-Term Notes Payable. 2) During 2014, the company borrowed $27,000 on a new Note Payable. Based on the above information only, what amount of net cash flow would be shown in the financing section of the statement of cash flows?

$(62,000)

$8,000

$62,000

$(8,000)

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