TV Company uses the indirect method to prepare its statement of cash flows.$$ Please refer to the following sections of the comparative balance sheet:

$$

$$

$2014$

$2013$

Increase$/$decrease

Accounts payable

$$4,000$

$$$$6,000$

$ $(2,000)$

Accrued liabilities

$2,000$

$1,000$

$1,000$

Long$-$term notes payable

$84,000$

$90,000$

$(6,000)$

$$ Total liabilities

$ $90,000$

$ $97,000$

$ $(7,000)$

$$

$$

$$

$$

Common stock

$30,000$

$2,000$

$28,000$

Retained earnings

$113,000$

$74,000$

$39,000$

Treasury stock

$(8,000)$

$(5,000)$

$(3,000)$

$$ Total equity

$$135,000$

$ $71,000$

$$64,000$

$$

$$

$$

$$

$$ Total liabilities and equity

$$225,000$

$$168,000$

$$57,000$

$$

Additional information:

$$ No stock was retired.

$$ No treasury stock was sold.

$$ During $2014,$ the company repaid $$40,000$ of long$-$term notes payable.

$$ During $2014,$ the company borrowed $$34,000$ on a new note payable.

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

$$Based on the info provided which of the following is the correct narrative and ending balance in the financing activities section of the company$$s statement of cash flows:

Question $1$Answer

a$.$

Net cash used for financing activities $$49,000$

b$.$

Net cash used for financing activities $$59,000$

c$.$

Net cash provided by financing activities $$9,000$

d$.$

Net cash provided by financing activities $$19,000$