Collection from customers The following summary transactions occurred during the year for Petunia. Cash received from: Interest on notes receivable $390,000 11,000 Collection of notes receivable 60,000 Sale of investments 40,000 Issuance of notes payable 110,000 Cash paid for: Purchase of inventory 170,000 Interest on notes payable 10,000 Purchase of equipment 95,000 Salaries to employees 100,000 Payment of notes payable 30,000 Dividends to shareholders 1,000 Required: Calculate net cash flows from financing activities. (Amounts to be deducted should be indicated with a minus sign.) Answer is complete but not entirely correct. PETUNIA COMPUTER Statement of Cash Flows (partial) For the Year Ended December 31, 2024 $390,000 Cash flows from financing activities: Collections from customers Issuance of notes payable 170,000 Sale of investments 40,000 Payment of notes payable (1,000) Net cash flows from financing activities $ 599,000