The balance sheet data of Corinne Company at the end of 2022 and 2021 follow:

2022 2021

Cash $50 $70

Accounts receivable (net) 320 270

Buildings and equipment 180 150

Accumulated depreciation - buildings and equipment (36) (16)

Land 180 80

Totals $694 $554

Accounts payable $160 $146

Notes payable - bank, long-term 0 80

Mortgage payable 60 0

Common stock, $10 par 418 318

Retained earnings 56 10

Totals $694 $554

Land worth $100 was acquired in exchange for common stock, par $100, during the year; all equipment purchased was with cash. Equipment costing $10 was sold for $4; book value of the equipment was $8 and the loss was reported as an ordinary item in net income. Cash dividends of $20 were charged to retained earnings and paid during the year; the transfer of net income to retained earnings was the only other entry in the Retained Earnings account.

In the statement of cash flows for the year ended December 31, 2022, the net cash (used) by financing activities was: