Preparing the Cash Flow from Financing Activities Section

Gomez Corp. reported the following items for the year ended December $31.$

Item Dec $31$

Purchased an investment in debt securities $($long$-$term$)$ for cash $ $12,000$

Sold equipment for cash, previously used in operations $10,000$

Paid cash for dividends $4,000$

Issued common stock for cash $40,000$

Retired a $10-$year bond payable by repaying the face value at maturity $32,000$

Sold investment in equity securities $($held for one$-$year$)4,400$

Borrowed cash by signing a nine$-$month note payable $6,000$

Extended a loan to a customer for a building expansion $3,200$

$$Note: Use a negative sign to indicate a cash outflow.

Calculate net cash from financing activities for the year ended December $31.$ Answer $1$

$20,800$