Miracle Company purchased treasury stock with a cost of $15,000 during 2012. During the year, the company paid dividends of $20,000 and issued bonds payable for proceeds of $866,000. Cash flows from financing activities for 2012 total

$846,000 net cash inflow.

$861,000 net cash inflow.

$866,000 net cash outflow.

$831,000 net cash inflow.