Question $16($Mandatory$)(2$ points$)$

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Oklahoma Corp. uses the indirect method to prepare its statement of cash flows. Refer to the following information for $2024$

Long$-$Term Notes Payable, beginning balance, $$83,000$

Long$-$Term Notes Payable, ending balance, $$73,000$

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

Common Stock, ending balance, $$27,000$

Retained Earnings, beginning balance, $$76,000$

Retained Earnings, ending balance, $$119,000$

Treasury Stock, beginning balance, $$5,300$

Treasury Stock, ending balance, $$10,100$

No stock was retired.

No treasury stock was sold.

During $2024,$ the company repaid $$39,000$ of long$-$term notes payable.

During $2024,$ the company borrowed $$29,000$ on new long$-$term notes payable.

Net income for the year was $$49,000.$

Assume all dividends declared during the year were paid.

Common Stock was issued for cash.

What is the net cash provided by financing activities?

$$18,800$

$$12,800$

$($$$10,000)$

$$2,800$