Sonic Co Ltd Provides the Following Information for the Period

Sonic Co Ltd provides the following information for the period ended 30 June 2015: $$\begin{array} { | l | r | } \hline & \$ 0 \\\hline \text { Opening balance loans } & 800 \\\hline \text { Closing balance loans } & 550 \\\hline \text { Opening balance of interest payable } & 120 \\\hline \text { Closing balance of interest payable } & 130 \\\hline \text { Interest expense } & 75 \\\hline \text { Opening balance trade creditors } & 400 \\\hline \text { Opening balance trade creditors } & 600 \\\hline \text { Closing balance of share capital } & 3000 \\\hline \text { Opening balance of dividends payable } & 3900 \\\hline \text { Dlosing balance of dividends payable } & 430 \\\hline \text { Opening balance asset revaluation reserve } & 520 \\\hline \text { Closing balance asset revaluation reserve } & 520 \\\hline \text { Purchase of land for shares with market value of } & 990 \\\hline\end{array}$$ During the period Sonic Co Ltd issued debentures with a face value of $1 000 000 at a premium of $560 000.All transactions are in cash unless otherwise indicated.What is the net cash flow from financing activities for the period?

A) Net cash outflow $480 000
B) Net cash outflow $290 000
C) Net cash inflow $270 000
D) Net cash inflow $1 080 000