Financial statements - Income statement for 204 and Comparative Balance Sheet for diving equipment manufacturer Lincoln Corp for December 31,204 and 203 Additional Information for Lincoln Corp: 1) Operating expenses for 204 included depreciation for $500 2) Accounts payable relate exclusively to the purchase of inventory 3) Machine with a historical cost of $200 was sold at a loss of $20 4) A new machine was purchased during the year for $1,200 5) Dividends were declared 6) Long term notes payable were issued What is the impact of dividends in the cash flow statement when using the indirect method is? Multiple Choice cash outflow of $280 cash outflow of $330 None of the other alternatives are correct cash outflow of $230 No dividends were paid in cash