Question: Oklahoma Corp. uses the indirect method to prepare its statement of cash flows. Refer to the following information for 2018: 1. Long-Term Notes Payable, beginning

Oklahoma Corp. uses the indirect method to prepare its statement of cash flows. Refer to the following information for 2018:

1. Long-Term Notes Payable, beginning balance, $84,000

2. Long-Term Notes Payable, ending balance, $99,000

3. Common Stock, beginning balance, $3,400

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

5. Retained Earnings, beginning balance, $78,000

6. Retained Earnings, ending balance, $120,000

7. Treasury Stock, beginning balance, $5,800

8. Treasury Stock, ending balance, $10,600

9. No stock was retired.

10. No treasury stock was sold.

11. During 2018, the company repaid $35,000 of long-term notes payable.

12. During 2018, the company borrowed $27,000 on new long-term notes payable.

13. Net income for the year was $50,000.

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

What is the net cash provided by financing activities?

A.$17,800

B.$9,800

C.($8,000)

D.$1,800

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