Hale Inc Declared and Paid Cash Dividends of $100,000 on Common

Multiple Choice

Hale Inc. declared and paid cash dividends of $100,000 on common stock and $75,000 on preferred stock. How would these dividends be presented in Hale's statement of cash flows?

A) As a $100,000 reduction in cash flows from investing activities
B) As a $175,000 reduction in cash flows from investing activities
C) As a $100,000 reduction in cash flows from financing activities
D) As a $175,000 reduction in cash flows from financing activities