Determining Cash Flows from Financing Activities Solomon Construction Company reported the following amount on its balance sheet for notes payable: Kequired: 1. If Solomon did not repay any notes payable during the year, determine how much cash Solomon received from the issuance of notes payable. $ 2. If Solomon repaid $56,000 of notes payable during the year, determine what amounts Solomon would report in the financing activities section of the statement of cash flows. Payment of notes payable $ Issuance of notes payable $