Lab Industries, Inc., issued $67,000 of bonds, paid cash dividends of $9,700, sold long-term investments for $13,700, received $6,700 of dividend revenue, purchased treasury stock for $16,700, and purchased new equipment for $20,700. What is the net cash flow from financing activities?

Multiple Choice

• $40,300 outflow.

• $77,700 inflow.

• $20,700 inflow.

• $40,600 inflow.