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Cash Co. uses the indirect method to prepare its statement of cash flows. Refer to the following information for the year 2014: (10 pts) 1)

Cash Co. uses the indirect method to prepare its statement of cash flows. Refer to the following information for the year 2014: (10 pts)

1) Long-Term Notes Payable, beginning balance, $80,000

2) Long-Term Notes Payable, ending balance, $76,000

3) Common Stock, beginning balance, $3,000

4) Common Stock, ending balance, $26,000

5) Retained Earnings, beginning balance, $75,000

6) Retained Earnings, ending balance, $115,000

7) Treasury Stock, beginning balance, $6,000

8) Treasury Stock, ending balance, $10,000

9) No stock was retired.

10) No treasury stock was sold.

11) During 2014, the company repaid $36,000 of Long-Term Notes Payable.

12) During 2014, the company borrowed $32,000 on a new Note Payable.

13) Net income for the year was $49,000.

14) Assume all dividends declared during the year were paid.

How much was the net cash flow from financing activities? (Show the steps to arrive at the answer)

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