1. During Year 1, El Paso Company had the following changes in account balances: The Accumulated Depreciation account had a beginning balance of $90,000 and an ending balance of $126,000. The increase was due to depreciation expense. The Long-Term Notes Payable account had a beginning balance of $144,000 and an ending balance of $78,000. The decrease was due to repayment of debt. The Equipment Account had a beginning balance of $130,000 and an ending balance of $337,000. The increase was due to the purchase of other operational assets. The Long-Term Investments Account (Marketable Securities) had a beginning balance of $93,600 and an ending balance of $65,000. The decrease was due to the sale of investments at cost. The Dividends Payable account had a beginning balance of $62,400 and an ending balance of $52,000. There were $104,000 of dividends declared during the period. The Interest Payable account had a beginning balance of $11,700 and an ending balance of $6,500. The difference was due to the payment of interest. What is the net cash flow from financing activities?

   		$66,000 outflow
   		$66,000 inflow
   		$180,400 outflow
   		$114,400 inflow
   		None of the above.