Brief Exercise 11-31 (Algorithmic) Determining Net Cash Flow from Financing Activities Contact Technical Madison Company reported the following information: Notes payable Common stock 12/31/2019 $95,000 12/31/2018 $75,000 80,000 120,000 Retained earnings 20,000 36,000 Madison reported net income of $40,000 for the year ended December 31, 2019. In addition, Madison repaid $25,000 of the notes payable during 2019. Required: Compute cet cash flow from financing activities. Use a minus sign to indicate negative cash flows outflows). 32,000