Lincoln Corp. - Income Statement as of Additional Information for Lincoln Corp: 1) Operating expenses for 204 included depreciation for $500 2) Accounts payable relate exclusively to the purchase of inventory 3) Machine with a historical cost of $200 was sold at a loss of $20 4) A new machine was purchased during the year for $1,200 5) Dividends were declared 6) Long term notes payable were issued What is the impact of dividends in the cash flow statement when using the indir Multiple Choice cash outflow of $330 No dividends were paid in cash cash outflow of $230 None of the other alternatives are correct cash outflow of $280