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

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 financing activities for the year were:
A. $206,000 of net cash used by financing activities.
B. $130,000 of net cash used by financing activities.
C. $222,000 of net cash used by financing activities.
D. $88,000 of net cash used by financing activities.
E. $165,000 of net cash used by financing activities.