Brief Exercise 11-31 (Algorithmic) Determining Net Cash Flow from Financing Activities Madison Company reported the following information: 12/31/2019 $95,000 12/31/2018 $75,000 Notes payable Common stock Retained earnings 80,000 120,000 20,000 36,000 Madison reported net income of $30,000 for the year ended December 31, 2019, in addition, Madison repaid $43,000 of the notes payable during 2019, Required: Compute net cash flow from financing activities. Use a minus sign to indicate negative cash Nows (outllows). -16,000 X Foto Che Wor Set up T-accounts to determine the activity in the notes payable and retained earnings accounts