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Marigold Corp. issued 15600 shares of $1 par common stock for $40 per share during...

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Accounting

Marigold Corp. issued 15600 shares of $1 par common stock for $40 per share during 2017. The company paid dividends of $37000 and issued long-term notes payable of $343000 during the year. What amount of cash flows from financing activities will be reported on the statement of cash flows?

a. $930000 net cash inflow.

b. $550000 net cash outflow.

c. $275000 net cash inflow.

d. $10000 net cash inflow.

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