In preparing a company’s statement of cash flows for the most recent year, the following information is available: Loss…

In preparing a company’s statement of cash flows for the most
recent year, the following information is available:

Loss on the sale of equipment $14,000
Purchase of equipment $145,000
Proceeds from the sale of equipment $126,000
Repayment of outstanding bonds $87,000
Purchase of treasury stock $62,000
Issuance of common stock $96,000
Purchase of land $115,000
Increase in accounts receivable during the year $43,000
Decrease in accounts payable during the year $75,000
Payment of cash dividends $35,000

Net cash flows from investing activities for the year were:
A. $221,000 of net cash provided in operating activities.
B. $120,000 of net cash used by investing activities.
C. $134,000 of net cash provided by investing activities.
D. $252,000 of net cash used by investing activities.
E. $134,000 of net cash used by investing activities.