Statement of Cash Flows - Cash from Financing Activities: Natural

Multiple Choice

Statement of Cash Flows - Cash from Financing Activities: Natural Lite, Inc. reported the following items during fiscal 2010. The firm purchased marketable securities of $87,500, paid down a long-term loan in the amount of $650,000, purchased $4,250,000 of new equipment. The firm also sold $6,250,000 of common stock, paid $350,225 in dividends to its common shareholders, and repurchased $1,250,000 of common stock in the open market. What is the net cash provided by financing activities? (Round off to the nearest)

A) $4,575,210
B) $1,733,285
C) $3,999,775
D) $2,467,915