The Natural Company's cash balance at December 31, 2019, was $180,000. The following information was reported on the company's statement of cash flows for 2020:

Net Income: $396,000

Depreciation and Amortization:122,000

Increase in Accounts Receivable:61,000

Increase in Inventory:132,000

Decrease in Accounts Payable:42,400

Dividends Paid to Shareholders:26,500

Proceeds from Sale of Common Stock:530,000

Repayment of Bonds Payable230,000

Proceeds of Sale of Equipment with Book Value of $96,00059,000

Purchase of Land and Building360,000

The Natural Company's Statement of Cash Flows would report Cash Flows from Financing Activities totaling:

Multiple Choice

• $530,000
• $301,000
• $360,000
• $273,500