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Cline Company issued ordinary shares for proceeds of $ 4 9 2 , 0 0 0 during 2 0 2 0 . The company paid

Cline Company issued ordinary shares for proceeds of $492,000 during 2020. The company paid dividends of $66,000 and issued a non-current note payable for $90,000 in exchange for equipment during the year. The company also purchased treasury shares that had a cost of $14,000. The financing section of the statement of cash flows will report net cash inflows of
A) $412,000.
B) $524,000.
C) $426,000.
D) $478,000.
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