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Vanguard Corporation issued 25,000 shares of $1 par common stock for $30 per share during 2014. The company paid dividends of $40,000 and issued long-term

Vanguard Corporation issued 25,000 shares of $1 par common stock for $30 per share during 2014. The company paid dividends of $40,000 and issued long-term notes payable of $300,000 during the year. What amount of cash flows from financing activities will be reported on the statement of cash flows?

A - $1,010,000 net cash outflow

B :

$410,000 net cash outflow

C :

$410,000 net cash inflow

D :

$1,010,000 net cash inflow

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