Washington Company Is Preparing Its Statement of Cash Flows Using

Multiple Choice

Washington Company is preparing its statement of cash flows using the indirect method.Refer to the following portion of the comparative balance sheet: $\begin{array}{c}\text {Washington Company}\\\text { Comparative Balance Sheet}\\\text { December 31,2019 and 2018}\\\begin{array}{|l|r|r|r|}\hline&2018 & 2017 & \text { Increase/(Decrease) }\\\hline\text { Accounts Payable } & \$ 9000 & \$ 5000 & \$(4000) \\\hline \text { Accrued Liabilities } & 3000 & 1400 & 1600 \\\hline \text { Long-term Notes Payable } & 57,000 & 68,000 & (11,000 \\\hline \text { Total Liabilities } & \$ 69,000 & \$ 74,40 & \$(5400) \\\hline\end{array}\end{array}$ Additional information provided by the company includes the following:
1) During 2019,the company repaid $38,000 of long-term notes payable.
2) During 2019,the company borrowed $27,000 on a new long-term 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) $(11,000)
B) $11,000
C) $65,000
D) $(65,000)