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$14,700?Purchase of equipment 152,000?Proceeds from the sale of equipment 133,000?Repayment of outstanding bonds 90,500?Purchase of treasury stock 65,500?Issuance of common stock 99,500?Purchase of land 122,000?Increase in accounts receivable during the year 46,500?Decrease in accounts payable during the year 78,500?Payment of cash dividends 38,500?Net cash flows from investing activities for the year were:
A. $231,500 of net cash provided.
B. $141,000 of net cash provided.
C. $141,000 of net cash used.
D. $126,300 of net cash used.
E. $266,000 of net cash used.
Answer: C
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