Red Ox Corporations net income for the year ended December 31, 20X4, was $128,000. Red Ox has elected to report any interest paid as operating activities and any dividends paid as financing activities. Additional data for the 20X4 fiscal year is as follows:

• Red Ox issued a bond for $95,000.
• Depreciation expense for the 20X4 fiscal year was $12,000.
• The balance for the companys bank loan as at December 31, 20X3, was $240,000. The balance as at December 31, 20X4, was $215,000.
• Interest expense paid in the year was $3,000.
• Red Ox issued 500 common shares for $80 per share.
• Red Ox sold 10,000 shares in one of its investments, Blue Horn Inc., for $26,000.
• Red Ox declared a dividend of $16,000 that is to be paid on January 4, 20X5.

What are Red Oxs net cash inflows from financing activities for the 20X4 fiscal year?

Question 1 options:

a	$94,000
b	$107,000
c	$110,000
d	$136,000