How much were Peanut financing cash flows

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Question - Peanut, Inc. went into business on August 1, 2020. During the remaining five months of 2020, here are some of Peanut's transactions:

Aug. 1, 2020 - Issued stock for a total of $10,000.

Sept. 1, 2020 - Borrowed $12,000 from the bank. Peanut will make no payments on this loan until Sept. 1, 2022, and at that time, it will owe $12,600.

Oct. 18, 2020 - Purchased $8,000 of inventory on account.

Dec. 17, 2020 - Paid accounts payable.

Dec. 31, 2020 - Paid a dividend of $4,000.

Required - How much were Peanut's financing cash flows during 2020?

a. $6,000

b. $8,000

c. $18,000

d. $22,000

e. None of the above

Reference no: EM132643688

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