In Preparing a Company's Statement of Cash Flows for the Year

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 $ 14,000
Purchase of equipment $145,000
Proceeds from the sale of equipment $126,000
Repayment of outstanding bonds $ 87,000
Purchase of treasury shares $ 62,000
Issuance of ordinary shares $ 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
Net cash flows from financing activities for the year were:

A) $130,000 of net cash used by financing activities.
B) $165,000 of net cash used by financing activities.
C) $222,000 of net cash used by financing activities.
D) $53,000 of net cash used by financing activities.
E) $206,000 of net cash used by financing activities.