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Below is selected information for Grouper Inc. for December 31. During 2018, a new mortgage loan for $60,000 was received and principal payments of $8,000

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Below is selected information for Grouper Inc. for December 31. During 2018, a new mortgage loan for $60,000 was received and principal payments of $8,000 were made throughout the year. Net income was $80,000 and dividends declared were fully paid in 2018. 2018 2017 Mortgage payable $152,000 $100,000 Common Shares 120,000 85,000 Retained Earnings 108,000 52,000 Prepare the financing activity section of the statement of cash flows for the year ended December 31, 2018. (Show amounts that decrease cash flow with either a - sign e.g. -45,000 or in parenthesis e.g. (45,000).) GROUPER INC. Statement of Cash Flows (Partial) Cash flows from financing activities Net cash by financing activities $

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