During the Year, Penso Ltd Received $50 000 from Its

During the year, Penso Ltd received $50 000 from its customers, $5 000 for the sale of a motor vehicle and $20 000 for the issue of shares. It paid $27 000 to suppliers and employees, $3 000 for income tax and $50 000 for new machinery. In addition, it paid out $12 000 as loan repayments. Its cash balance at the commencement of the year was $19 000. What were the cash flows from financing activities?

A) $8 000
B) $20 000
C) ($12 000)
D) ($28 000)