Cheyenne Corp. purchased treasury stock with a cost of $48400 during 2017. During the year, the company paid dividends of $17600 and issued bonds payable for proceeds of $770900. Cash flows from financing activities for 2017 total

$66000 net cash outflow.

$753300 net cash inflow.

$801700 net cash inflow.

$704900 net cash inflow.