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Blue Spruce Corp. issued 23200 shares of $1 par common stock for $40 per share...

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Accounting

Blue Spruce Corp. issued 23200 shares of $1 par common stock for $40 per share during 2017. The company paid dividends of $56000 and issued long-term notes payable of $510000 during the year. What amount of cash flows from financing activities will be reported on the statement of cash flows?

a. $408000 net cash inflow.

b. $13000 net cash inflow.

c. $817000 net cash outflow.

d.$1382000 net cash inflow.

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