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The following income statement and additional year-end information is provided. $1,629,000 798,210 830,790 SONAD COMPANY Income Statement For Year Ended December 31 Sales Cost of goods sold Gross profit Operating expenses Salaries expense $223,173 Depreciation expense 39,096 Rent expense 43,983 Amortization expenses-Patents 4,887 Utilities expense 17,919 Gain on sale of equipment Net income 329,058 501,732 6,516 $ 508,248 Accounts receivable Inventory $24,500 increase 23,550 increase Accounts payable Salaries payable $ 9,975 decrease 1,450 decrease DJ Company's accountant is preparing the statement of cash flows for the year just ended. The following information is available: Retained earnings balance at the beginning of the year Retained earnings balance at the end of the year Net profit for the year $ 16,000 $ 18,000 $3,800 Assuming that all declared dividends were paid, what was the cash flow under financing activities recorded by the accountant? Cash outflow of $1,800 Cash inflow of $5,800 None, dividends paid are reported under investing activities Cash outflow of $5,800 Cash inflow of $1,800