Question: Brief Exercise 11-31 (Algorithmic) Determining Net Cash Flow from Financing Activities Madison Company reported the following information: Notes payable 12/31/2018 $75,000 12/31/2019 $95,000 120,000 20,000

Brief Exercise 11-31 (Algorithmic) Determining Net Cash Flow from Financing Activities Madison Company reported the following information: Notes payable 12/31/2018 $75,000 12/31/2019 $95,000 120,000 20,000 Common stock 80,000 Retained earnings 36,000 Madison reported net income of $21,000 for the year ended December 31, 2019. In addition, Madison repaid $54,000 of the notes payable during 2019. Required: Compute no cash flow from financing activities. Use a minus sign to indicate negative cash flows (outflows). 3,000 x

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