Blue Company issued 20,000 shares of $1 par common stock for $40 cash per share during 2019. The company paid cash dividends of $48,000 and issued long-term notes payable to borrow cash of $440,000 during the year. What amount of net cash flows from financing activities will be reported on the statement of cash flows?

	A.	$28,000 net cash outflow.
	B.	$1,192,000 net cash inflow.
	C.	$752,000 net cash inflow.
	D.	$412,000 net cash inflow.