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The following account balances were drawn from the year - end balance sheets of Carrick Company. Account Title Year 2 Year 1 Note payable $

The following account balances were drawn from the year-end balance sheets of Carrick Company.
Account Title Year 2 Year 1
Note payable $ 41,000 $ 51,000
Common stock 54,00033,000
Retained earnings 25,00022,000
During Year 2 the Company reported $7,200 of net income. Based on this information alone, the amount of the net cash flow from financing activities is
Multiple Choice
$10,000 outflow.
$6,800 inflow.
$4,200 outflow.
$21,000 inflow.

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