Reference no: EM132563581

The following selected account balances were taken from ZZ, Inc.'s general ledger at January 1, 2019 and December 31, 2019:

                             January 1, 2019                              December 31, 2019

Accounts receivable          42,000                                      34,000
Inventory                          25,000                                       28,000
Accounts payable               25,000                                        17,000
Salaries payable                      1,000                                         5,000
Investments                          22,000                                        50,000           
Land                                 76,000                                           79,000
Note payable                       200,000                                       174,000
Common stock                  100,000                                         183,000
Retained earnings                 37,000                                          94,000

The following information was taken from ZZ, Inc.'s 2019 income statement:

Sales revenue $265,000
Cost of goods sold 148,000
Salaries expense 69,000
Gain on sale of investments 34,000
Net income $ 82,000

It is known that during 2019 ZZ, Inc. purchased investments for $31,000 cash.

Question 1: Calculate the net cash flow from financing activities for 2019. If your answer is negative, place a minus sign in front of your answer with no spaces in between (e.g., -1234).