L A Moving to another question will save this response. Question 11 [The following information applies to the questions displayed below.) Lexington Company engaged in the following transactions during Year 1, its first year in operation: (Assume all transactions are cash transactions) 1. Acquired $6,000 cash from issuing common stock. 2. Borrowed $4,400 from a bank 3. Earned $6,200 of revenues. 4. Incurred $4,800 in expenses. 5. Paid dividends of $800. Lexington Company engaged in the following transactions during Year 2: (Assume all transactions are cash transactions) 1. Acquired an additional $1,000 cash from the issue of common stock. 2. Repaid $2,600 of its debt to the bank. 3. Earned revenues, $9,000. 4. Incurred expenses of $5,500 5. Paid dividends of $1,280. What was the net cash flow from financing activities reported on Lexington's statement of cash flows for Year 2? $2,880 outflow $2,880 inflow $1,000 outflow $1,000 inflow Moving to another question will save this response