Flow Company has provided the following information for the year ended December 31, 2022:

• Cash paid for interest, $22,500
• Cash paid for dividends, $6,500
• Cash dividends received, $4,500
• Cash proceeds from bank loan, $34,000
• Cash purchase of treasury stock, $13,500
• Cash paid for equipment purchase, $29,500
• Cash received from issuance of common stock, $39,500
• Cash received from sale of land with a $34,500 book value, $27,000
• Acquisition of land costing $53,500 in exchange for preferred stock issuance.
• Payment of a $125,000 note payable by exchanging used machinery with a $79,500 book value and $125,000 fair value.

How much was Flow's net cash flow from financing activities? Multiple Choice

A net outflow of $56,000.

A net inflow of $34,000.

A net outflow of $56,000.

A net inflow of $53,500.