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TV Company uses the indirect method to prepare its statement of cash flows. Please refer...

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TV Company uses the indirect method to prepare its statement of cash flows. Please refer to the following sections of the comparative balance sheet Additional information: No stock was retired. No treasury stock was sold. During 2014 , the company repaid $40,000 of long-term notes payable. During 2014, the company borrowed $34,000 on a new note payable. Net income for the year was $49,000. Based on the info provided which of the following is the correct narrative and ending balance in the financing activities section of the company's statement of cash flows: a. Net cash used for financing activities $49,000 b. Net cash provided by financing activities $9,000 c. Net cash used for financing activities $59,000 d. ash provided by financing activities $19,000

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