Nashville Records Company uses the indirect method to prepare its statement of cash flows.Refer to the following sections of the comparative balance sheet:

\begin{array}{c} \text { Nashville Records Company }\\ \text { Comparative Balance Sheet}\\ \text { December 31, 2018 and 2017}\\\begin{array}{|l|r|r|r|}\hline&&\text { Increase } \\&2018 & 2017 & \text { (Decrease) }\\ \hline \text { Accounts Payable } & \$ 6,000 & \$ 9,000 & (\$ 3,000 \\\hline \text { Accrued Liabilities } & 3,000 & 1,500 & 1,500 \\\hline \text { Long-term Notes Payable } & 126,000 & 135,000 & (9,000 \\\hline \text { Total Liabilities } & \$ 135,000 & \$ 145,500 & (\$ 10,500\\\hline\\\hline \text { Common Stock } & \$ 45,000 & \$ 3,000 & \$ 42,000 \\\hline \text { Retained Earnings } & 169,500 & 111,000 & 58,500 \\\hline \text { Treasury Stock } & (12,000 & (7,500 & \underline{(4,500} \\\hline \text { Total Equity } & 202,500 & 106,500 & 96,000 \\\hline \text { Total Liabilities and Stockholders' } & & & \\\text { Equity } & \$ 337,500 & \$ 252,000 & \$ 85,500 \\\hline\end{array}\end{array}

Additional information for 2018:
• No stock was retired.
• No treasury stock was sold.
• The company repaid $60,000 of long-term notes payable.
• The company borrowed $51,000 on a new long-term note payable.
• Net income for the year was $68,000.
Prepare the financing section of the statement of cash flows for the year ended December 31,2018.

The Activities That Are Included in the Operating Activities Section

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