Scots Glenn Manufacturing took out $532,000 of new debt this year and repaid $800,000 of older debt in the same year. The company also issued stock for $353,600 cash and paid dividends of $79,200 for the year. The company's financing cash flows appearing the statement of cash flows will show:
A. Net cash used in financing activities of $347,200.
B. Net cash used in financing activities of $268,000.
C. Net cash provided by financing activities of $85,600.
D. Net cash provided by financing activities of $6,400.
Answer: D
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