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Lab Industries, Inc., issued $53,000 of bonds, paid cash dividends of $8,300, sold long-term investments for $12,300, received $5,300 of dividend revenue, purchased treasury stock
Lab Industries, Inc.,
- issued $53,000 of bonds,
- paid cash dividends of $8,300,
- sold long-term investments for $12,300,
- received $5,300 of dividend revenue,
- purchased treasury stock for $15,300, and
- purchased new equipment for $19,300.
What is the net cash flow from financing activities?
Group of answer choices
$62,300 inflow
$29,400 inflow.
$27,700 outflow.
$19,300 inflow.
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