Reference no: EM132788219

Ladybug Company has provided the following information for the year ended December 31, 2019:

• Cash paid for interest, $20,000
• Cash paid for dividends, $6,000
• Cash dividends received, $4,000
• Cash proceeds from bank loan, $29,000
• Cash purchase of treasury stock, $11,000
• Cash paid for equipment purchase, $27,000
• Cash received from issuance of common stock, $37,000
• Cash received from sale of land with a $32,000 book value, $25,000
• Acquisition of land costing $51,000 in exchange for preferred stock issuance
• Payment of a $100,000 note payable by exchanging used machinery with a $77,000 book value and $100,000 fair value

Problem 1: How much was Ladybug's net cash flow from financing activities under US GAAP?

a. A net outflow of $51,000

b. A net inflow of $49,000

c. A net inflow of $29,000

d. A net outflow of $53,000