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Peanut, Inc. went into business on August 1, 2020. During the remaining five months of 2020, here are some of Peanut's transactions: Aug. 1, 2020

Peanut, Inc. went into business on August 1, 2020. During the remaining five months of 2020, here are some of Peanut's transactions:

  • Aug. 1, 2020 - Issued stock for a total of $10,000.
  • Sept. 1, 2020 - Borrowed $12,000 from the bank. Peanut will make no payments on this loan until Sept. 1, 2022, and at that time, it will owe $12,600.
  • Oct. 18, 2020 - Purchased $8,000 of inventory on account.
  • Dec. 17, 2020 - Paid accounts payable.
  • Dec. 31, 2020 - Paid a dividend of $4,000.

How much were Peanut's financing cash flows during 2020?

Group of answer choices

$6,000

$8,000

$18,000

$22,000

None of the above

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