APS Company Issued 20,000 Shares of $1 Par Common Stock

APS Company issued 20,000 shares of $1 par common stock for $40 per share during 2017. The company paid dividends of $48,000 and issued long-term notes payable of $440,000 during the year. What amount of cash flows from financing activities will be reported on the statement of cash flows?

A) $12,000 net cash inflow.
B) $352,000 net cash inflow.
C) $705,000 net cash outflow.
D) $1,192,000 net cash inflow.