Given the Following Information, Determine the Amount of Cash Flows

Given the following information, determine the amount of cash flows from investing and financing activities. $$\begin{array} { | l | r | } \hline \text { Net income } & \$ 70,000 \\\hline \text { Loss on sale of plart assets } & 25,000 \\\hline \text { Cash received from sale of plart assets } & { 3 6 , 0 0 0 } \\\hline \text { Cash received from issuing stock } & { 8 0 , 0 0 0 } \\\hline \text { Increase in income taxes payable } & { 2 0 , 0 0 0 } \\\hline\end{array}$$

A) $\begin{array}{|l|}\hline\text{Cash provided by investing activities,}~ \$ 11,000\\\hline\text{Cash provided by finanicing activities,}~\$ 80,000\\\hline\end{array}$
B) $\begin{array}{|l|}\hline\text{Cash used by investing activities,}~ \$ 80,000\\\hline\text{Cash used by finanicing activities,}~\$ 11,000\\\hline\end{array}$
C) $\begin{array}{|l|}\hline\text{Cash provided by investing activities,}~ \$ 80,000\\\hline\text{Cash provided by finanicing activities,}~\$ 36,000\\\hline\end{array}$
D) $\begin{array}{|l|}\hline\text{Cash used by investing activities,}~ \$ 25,000\\\hline\text{Cash used by finanicing activities,}~\$ 36,000\\\hline\end{array}$
E) $\begin{array}{|l|}\hline\text{Cash provided by investing activities,}~ \$ 36,000\\\hline\text{Cash provided by finanicing activities,}~\$ 80,000\\\hline\end{array}$