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Winnemac Inc. reported the following transactions in the current year. Purchased an investment in debt securities (long-term) for cash $50,000 Sold equipment for cash, previously

Winnemac Inc. reported the following transactions in the current year.

Purchased an investment in debt securities (long-term) for cash $50,000
Sold equipment for cash, previously used in operations 125,000
Paid cash for dividends 45,000
Issued common stock for cash 128,000
Retired a 10-year bond payable through the issuance of common stock 125,000
Sold investment in equity securities (held for 9 months) 23,000
Borrowed cash by signing a six-month note payable 35,000
Paid interest on note payable 1,000

What is the net amount of cash flows that the company would report in the financing activities section of the statement of cash flows?

Select one:

a. Net cash outflow of $7,000

b. Net cash inflow of $118,000

c. Net cash inflow of $117,000

d. Net cash outflow of $138,000

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