QUESTION 16 Oklahoma Corp. uses the indirect method to prepare its statement of cash flows. Refer to the following information for 2024 1. Long-Term Notes Payable, beginning balance, $83,000 2. Long-Term Notes Payable, ending balance, $73,000 3. Common Stock, beginning balance, $3,400 4. Common Stock, ending balance, $27,000 5. Retained Earnings, beginning balance, $76,000 6. Retained Earnings, ending balance, $119,000 7. Treasury Stock, beginning balance, $5,300 8. Treasury Stock, ending balance, $10,100 9. No stock was retired. 10. No treasury stock was sold. 11. During 2024, the company repaid $39,000 of long-term notes payable. 12. During 2024, the company borrowed $29,000 on new long-term notes payable. 13. Net income for the year was $49,000. 14. Assume all dividends declared during the year were paid. 15. Common Stock was issued for cash. What is the net cash provided by financing activities? O $18,800 O $12,800 O ($10,000) O $2,800