Pharoah Company recorded the following cash transactions for the year:

Paid $55000 for salaries.

Paid $7800 to purchase office equipment.

Paid $5700 for utilities, advertising and supplies.

Paid $12200 for rent.

Paid $18700 in dividends.

Collected $126300 from customers.

Borrowed $19700 from the bank.

What was the companys net cash provided (used) by financing activities?

$1000

($1000)

$20700

The amount cannot be determined from the information provided.