On December $31,2023$ Sheffield Corp. is preparing its year$-$end cash flow statement. The following activities occurred during the last $12$ months:

$$ Sold equipment for $$16000$ that originally cost $$27700,$

$$ Purchased land and a building for $$1502000$

$$ Issued $$2785000$ in bonds

$$ Repaid $$80700$ on the mortgage payable

$$ Sold $$55300$ in common shares

$$ Declared $$10000$ in dividends to be paid in January

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What was the total net cash of the financing activities for the period?

$$ $$2749600$ cash outflow

$$ $$2759600$ cash outflow