Indicate the effect, if any, that each separate transaction has on financing cash flows (Select "No Effect" If there is no effect.) 2. Long-term notes payable with a carrying value of $16,200 are retired for $17,800 cash, resulting in a $1.600 loss. b. Pald cash dividends of $12,200 to common stockholders. c. Acquired $21.200 worth of machinery in exchange for common stock Items Amount Effect on financing Dash flows Long-term notes payable b. Dividends a Machinery