Delta Supplies is developing its annual financial statements at December 31, current year. The statements are complete except for the statement of cash flows. The completed comparative balance sheets and income statement are summarized: Current Year Prior Year Balance sheet at December 31 Cash Accounts receivable Merchandise inventory Property and equipment Less: Accumulated depreciation $ 37,000 32,000 41,000 132,000 (41,000) $ 201,000 $ 36,000 1,200 38,000 $ 29,000 28,000 38,000 111,000 (36,000) $170,000 $ 27,000 1,400 44,000 Accounts payable Accrued wages expense Note payable, long-term Common stock and additional paid-in capital Retained earnings 88,600 72,600 37,200 $ 201,000 25,000 $170,000 Income statement for current year Sales Cost of goods sold Other expenses Net income $120,000 70,000 37,800 $ 12,200 Additional Data: a. Equipment was purchased with cash. b. Some long-term notes payable matured in the current year. Delta Supplies settled the principal payment in cash. c. Issued new shares of stock for cash. d. No dividends were declared or paid. Dala. 13 a. Equipment was purchased with cash. b. Some long-term notes payable matured in the current year. Delta Supplies settled the principal payment in cash. c. Issued new shares of stock for cash. d. No dividends were declared or paid. X 01:26:02 Determine Delta Supplies' net cash flows from financing activities in the current year. Multiple Choice A net cash inflow of 2,200 A net cash inflow of $10,000 a net cash outflow of $11,000 None of the above is correct O A net cash inflow of 22,000