In Preparing a Company's Statement of Cash Flows for the Year

Multiple Choice

In preparing a company's statement of cash flows for the year just ended, the following information is available: $\begin{array} { l r } \text { Loss on the sale of equipment } & \$ 14,000 \\\hline \text { Purchase of equipment } & 225,000 \\\hline \text { Proceeds from the sale of equipment } & 106,000 \\\hline \text { Repayment of outstanding bonds } & 87,000 \\\hline \text { Purchase of treasury stock } & 25,000 \\\hline \text { Issuance of common stock } & 96,000 \\\hline \text { Purchase of land } & 115,000 \\\hline \text { Increase in accounts receivable during the year } & 33,000 \\\hline \text { Decrease in accounts payable during the year } & 75,000 \\\hline \text { Payment of cash dividends } & 35,000\end{array}$
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Net cash flows from financing activities for the year were:

A) $347,000 of net cash used.
B) $26,000 of net cash used.
C) $51,000 of net cash used.
D) $147,000 of net cash used.
E) $340,000 of net cash used.