In preparing a company's statement of cash flows for the year just ended, the following information is available: Loss on the sale of equipment$14,000Purchase of equipment 225,000Proceeds from the sale of equipment 106,000Repayment of outstanding bonds 87,000Purchase of treasury stock 25,000Issuance of common stock 96,000Purchase of land 115,000Increase in accounts receivable during the year 33,000Decrease in accounts payable during the year 75,000Payment of cash dividends 35,000Net cash flows from financing activities for the year were:
A. $340,000 of net cash used.
B. $147,000 of net cash used.
C. $26,000 of net cash used.
D. $51,000 of net cash used.
E. $347,000 of net cash used.
Answer: D
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