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Kinder Company reported $48,000 and $77,000 of Notes Payable on its 2020 and 2019 Balance Sheets, respectively. In addition, during 2020 Kinder paid $20,000 of

Kinder Company reported $48,000 and $77,000 of Notes Payable on its 2020 and 2019 Balance Sheets, respectively. In addition, during 2020 Kinder paid $20,000 of Notes Payable by issuing Common Stock. What is the amount of financing outflows from payment of Notes Payable during 2020?

Group of answer choices

$9,000

$29,000

$48,000

$0

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