Wisconsin Company Reported Selected Accounts as Follows Dividends of $8,800 Were Declared and Paid by December 31,2015

Multiple Choice

Wisconsin Company reported selected accounts as follows:
$$\begin{array} { l l l } & \text { December 31,2014 } & \text { December 31,2015 } \\\text { Accounts payable } & \$ 20,000 & \$ 30,000 \\\text { Gonds payable } & \$ 40,000 & \$ 28,000 \\\text { Common stock } & \$ 20,000 & \$ 24,000\end{array}$$
Dividends of $8,800 were declared and paid by December 31,2015.What was the net cash flow from financing activities for the year ended December 31,2015?

A) $6,800 cash outflow
B) $16,800 cash outflow
C) $6,800 cash inflow
D) $16,800 cash inflow