Changes in the balance sheet accounts at June $30,20\times 1$ ?and $20\times 2$ ?for the Poker Company are presented below: Additional Information for $20\backslash$times $2$: Net income was $$480,000$ ?and dividends of $$400,000$ ?were declared.

Common stock was issued for cash.

A new long$-$term investment was acquired for $$360,000.$ A long$-$term investment was sold for $$160,000.$ Equipment that cost $$600,000$ ?was sold for $$200,000.$ ?The book value of those assets was $$150,000.$ The cash flow from financing activities for $20\times 2$ ?is a:

Changes in the balance sheet accounts at June 30, 20X1 and 20X2 for the Poker Company are presented below: Assets Cash Accounts receivable Inventory Long-term investments Increase (Decrease) $ 480,000 200,000 300,000 200,000 Equipment Accumulated depreciation Liabilities and Stockholders' Equity Accounts payable Dividends payable (200,000) (60,000) $ (40,000) Notes payable-Current Notes payable-Long-term Common stock, $1.00 par Additional paid-in capital Retained earnings 400,000 (200,000) 400,000 300,000 100,000 80,000 Additional Information for 20X2: Net income was $480,000 and dividends of $400,000 were declared. Common stock was issued for cash. A new long-term investment was acquired for $360,000. A long-term investment was sold for $160,000. Equipment that cost $600,000 was sold for $200,000. The book value of those assets was $150,000. The cash flow from financing activities for 20X2 is a: