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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 $40,000 $50,000 Common

The following account balances were drawn from the year-end balance sheets of Carrick Company.

Account Title Year 2 Year 1
Note payable $40,000 $50,000
Common stock 53,000 32,000
Retained earnings 24,000 21,000

During Year 2 the Company reported $7,000 of net income. Based on this information alone, the amount of the net cash flow from financing activities is
$7,000 inflow.
$10,000 outflow.
$21,000 inflow.
$4,000 outflow.

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