Surf Company Follows IFRS for Its External Financial Reporting $\begin{array}{lr}\text { Interest paid } & \$ 25,000 \\\text { Dividends paid } & 16,000 \\\text { Taxes paid on operations } & 37,000\end{array}$

Multiple Choice

Surf Company follows IFRS for its external financial reporting. The following amounts were available at December 31, 2015: $\begin{array}{lr}\text { Interest paid } & \$ 25,000 \\\text { Dividends paid } & 16,000 \\\text { Taxes paid on operations } & 37,000\end{array}$ Under IFRS, what is the maximum amount that could be reported for cash used by financing activities for Surf Company for the year ended December 31, 2015?

A) $62,000
B) $41,000
C) $53,000
D) $78,000