Problem:
Randy, Inc., issued $50,000 of bonds, paid cash dividends of $8,000, sold long-term investments for $12,000, received $5,000 of dividend revenue, purchased treasury stock for $15,000, and purchased new equipment for $19,000.
Required:
The net cash flow from financing activities would be:
A) $70,000.
B) $27,000.
C) $80,000.
D) ($20,000).
E) None of the above is correct.
Note: Please show basic calculation