The following is a partiallist of transactions completed by the Ryan Company during its fifth year of operations.• Sold land for $50,000 cash.• Issued common stock for $20,000.• Paid $27,000 cash to purchase delivery equipment.• Issued a $15,000 note to a bank for cash.• Paid a $10,000 cash dividend.• Earned $60,000 of cash revenue.• Paid $42,000 of cash expenses. Based on these events alone, the net cash flow from financing activities is
a. $45,000.b. $35,000.c. $25,000.d. $20,000.