Cuther Inc has 1,000 shares of 4%, $50 par value, cumulative preference shares and 50,000 ordinary shares with a $1 par value outstanding at December 31, 2016, and December 31, 2017. The board of directors declared and paid a $1,000 dividend in 2016. In 2017, $10,000 of dividends are declared and paid. What are the dividends received by the ordinary shareholders in 2017? $8,000 $2,000 $7,000 $5,000 Miller Company purchased treasury shares with a cost of $15,000 during 2017. During the year, the company paid dividends of $20,000 and issued bonds payable for proceeds of $956,000. Cash flows from financing activities for 2017 total $956,000 net cash outflow. $921,000 net cash inflow. $951,000 net cash inflow. $936,000 net cash inflow