U Question 19 5 Madison Company had the following cash transactions: Payment for wages $1,000 Inventory sold $17.000 Sold equipment $8,000 Paid cash dividends $10.000 Bought land $80.000 Sold a building $50,000 Issued bonds $18,000 Issued stock $25,000 Paid interest $2.000 Paid principal amount of a long term loan $17,000 What would the cash inflows (outflows) from financing activities be? O $24.000 O $9,000 O $16.000 O $14,000 Question 20 Which of the following statements about the difference between the direct and indirect method the statement of cash flows is correct? O It affects all three sections of the statement