Fantasia Company has provided the following information for the year ended December $31,2025$:

Cash paid for interest, $$15,500$

Cash paid for dividends, $$7,900$

Cash proceeds from bank loan, $$20,000$

Cash purchase of treasury stock, $$6,500$

Cash paid for equipment purchase, $$22,500$

Cash received from issuance of common stock, $$32,500$

Acquisition of land costing $$46,500$ in exchange for preferred stock issuance.

How much was Fantasia's net cash flow from financing activities?

Multiple Choice

A net inflow of $$38,100.$

A net outflow of $$39,200.$

A net outflow of $$47,600.$

A net inflow of $$20,000.$