1. Refer to the following information for the year 2015: 

a.       Long-Term Notes Payable, beginning balance, $80,000

b.       Long-Term Notes Payable, ending balance, $76,000

c.       Common Stock, beginning balance, $3,000

d.       Common Stock, ending balance, $26,000

e.       Retained Earnings, beginning balance, $75,000

f.        Retained Earnings, ending balance, $115,000

g.       Treasury Stock, beginning balance, $6,000

h.       Treasury Stock, ending balance, $10,000

i.         No stock was retired.

j.         No treasury stock was sold.

k.       During 2014, the company repaid $36,000 of Long-Term Notes Payable.

l.         During 2014, the company borrowed $32,000 on a new Note Payable.

m.     Net income for the year was $49,000.

n.       Assume all dividends declared during the year were paid.

How much was the net cash flow from financing activities?