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

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

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

Common Stock, beginning balance, $3,000

Common Stock, ending balance, $26,000

Retained Earnings, beginning balance, $75,000

Retained Earnings, ending balance, $115,000

Treasury Stock, beginning balance, $6,000

Treasury Stock, ending balance, $10,000

No stock was retired.

No treasury stock was sold.

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

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

Net income for the year was $49,000.

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)