A1 Pet Supply Company issued 20,000 shares of $1 par common stock for $40 per share during 2025. The company paid dividends of $48,000 and issued a long-term note payable for $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) $705,000 net cash outflow
C) $1,192,000 net cash inflow
D) $352,000 net cash inflow
