McCorey Corporation recorded the following events last year:Repurchase by the company of its own common stock$ 60,000Sale of long-term investment$ 55,000Interest paid to lenders$ 15,000Dividends paid to the company's shareholders$ 70,000Collection by McCorey of a loan made to another company$ 75,000Payment of taxes to governmental bodies$ 50,000On the statement of cash flows, some of these events are classified as operating activities, some are classified as investing activities, and some are classified as financing activities.Based solely on the information above, the net cash provided by (used in) financing activities on the statement of cash flows would be:
A. $(70,000)
B. $130,000
C. $(130,000)
D. $70,000
Answer: C
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