Avatar Company is preparing its statement of cash flows using the indirect method. Refer to the following portion of the comparative balances sheet: Additional information provided by the company includes the following: 1)Â Â Â Â Â During 2014, the company repaid $35,000 of Long-Term Notes Payable. 2)Â Â Â Â Â During 2014, the company borrowed $27,000 on a new Note Payable. Based on the above information only, what amount of net cash flow would be shown in the financing section of the statement of cash flows? A.($8,000) B.$8,000 C.($62,000) D.$62,000 Solution Cash Flow from Financing activities Long Term Notes amount Paid -35000 Amount borrowed 27000 Net Cash Flow from financing Activities -8000 The correct answer is A. ($8000) .