Lopez Corp

Lopez Corp.uses the indirect method to prepare its statement of cash flows.Refer to the following information for 2017: 1.Long-Term Notes Payable,beginning balance,$85,000
2.Long-Term Notes Payable,ending balance,$71,000
3.Common Stock,beginning balance,$3,100
4.Common Stock,ending balance,$27,000
5.Retained Earnings,beginning balance,$76,000
6.Retained Earnings,ending balance,$120,000
7.Treasury Stock,beginning balance,$5,200
8.Treasury Stock,ending balance,$10,100
9.No stock was retired.
10.No treasury stock was sold.
11.During 2016,the company repaid $37,000 of long-term notes payable.
12.During 2016,the company borrowed $51,000 on a new note payable.
13.Net income for the year was $54,000.
14.Assume all dividends declared during the year were paid.
What is the net cash flow from financing activities?

A) $19,000
B) $9,000
C) ($14,000)
D) $23,000