The following transactions occurred at the Indiana Company in 2016. Use this information to compute the company's net cash flow from financing activities for the year.
1. Holders of $200,000 par-value 7 percent bonds surrendered the bonds for redemption and were paid $206,000 in cash. The unamortized discount on these bonds as of the date of redemption was $1,600.
2. Cash interest of $33,700 was paid on bonds during the year. The bond discount amortized was $400.
3. Cash dividends of $50,000 were paid on common stock during the year.