The following accounts, among others, apeared on ZZ Company's balance sheet at January 1, 2005 and December 31, 2005:
January 1, 2005 December 31, 2005
Accounts payable 48,000 63,000
Land 70,000 84,000
Notes payable 80,000 64,000
Common stock 30,000 90,000
Retained earnings 36,000 95,000
The following information was taken from ZZ Company's 2005 income statement:
Sales revenue $500,000
Cost of goods sold 280,000
Other expense 120,000
Net income $100,000
Calculate the net cash flow from financing activities for 2005. If your answer is negative, place a minus sign in front of your answer with no spaces in between (e.g., -1234). Do not use decimals
in your answer.