Heady Ltd Provides the Following Information for the Period Ended

Heady Ltd provides the following information for the period ended 30 June 2004:

During the period Sonic Co Ltd issued debentures with a face value of $2,000,000 at a discount of $260,000. All transactions are in cash unless otherwise indicated. What is the net cash flow from financing activities for the period?

A) Net cash outflow $1 450,000
B) Net cash outflow $6,000
C) Net cash inflow $1,154,000
D) Net cash inflow $1,390,000
E) None of the given answers.