The following transactions occurred last year at Dempsey Inc.

Issuance of common stock$ 50,000

Dividends paid to common stockholders3,000

Depreciation expense6,000

Repayment of principal on the company's own bonds40,000

Sale of equipment17,000

Purchase of land120,000

Based solely on the above information, the net cash flows from financing activities for the year on the statement of cash flows would be: