Indicate the effect, if any, that each separate transaction has on financing cash flows. (Select "No Effect" if there is no effect.) a. Long-term notes payable with a carrying value of $16,400 are retired for $18,100 cash, resulting in a $1,700 loss. b. Paid cash dividends of $12.400 to common stockholders. c. Acquired $21,400 worth of machinery in exchange for common stock. Answer is complete but not entirely correct. Items Amount Effect on financing cash flows a Long-term notes payable $ 16,400 Decrease b. Dividends $ 12,400 Decrease c. Machinery $ 21,400 No effect