Question 9 options:

The following selected account balances were taken from Buckeye Company's general ledger at January 1, 2005 and December 31, 2005: 

 January 1, 2005 December 31, 2005 

Accounts receivable 42,000 36,000 Inventory 25,000 28,000 Accounts payable 35,000 31,000 Salaries payable 1,000 2,000 Investments 34,000 48,000 Land 60,000 80,000 Mortgage payable 100,000 50,000 Common stock 110,000 130,000 Retained earnings 20,000 38,000 

The following information was taken from Buckeye Company's 2005 income statement: 

Sales revenue $420,000 Cost of goods sold 300,000 Salaries expense 90,000 Gain on sale of land 2,000 Net income $ 32,000 

It is known that during 2005 Buckeye Company sold land having a cost of $3,000. 

Calculate the net cash flow from financing activities for 2005. If your answer is negative, place a minus sign in front of your answer with no spaces in between (e.g., -1234). Do not use decimals in your answer.