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Here's the question: Below are the transactions for the Clothesline Company (reporting under US GAAP): Proceeds from issuance of bonds payable $1,000,000 Payment to purchase

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Below are the transactions for the Clothesline Company (reporting under US GAAP): Proceeds from issuance of bonds payable $1,000,000 Payment to purchase equipment $475,000 Payment of wages $115,000 Payment of dividends $375,000 Payment to pay off notes payable $1,200,000 Based on these transactions, what is the net cash flow from financing activities? O $575,000 net cash provided by financing activities. $575,000 net cash used for financing activities. O $0, because cash inflows equal cash outflows from financing activities. O $1,050,000 net cash used by financing activities

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