Use the Following Information for Questions 113 and 114 $\bullet$ Purchased Real Estate for $625,000 Cash Which Was Borrowed from Corp.'s

Use the following information for questions 113 and 114.
Smiley Corp.'s transactions for the year ended December 31, 2015 included the following:
$\bullet$ Purchased real estate for $625,000 cash which was borrowed from a bank.
$\bullet$ Sold available-for-sale securities for $500,000.
$\bullet$ Paid dividends of $600,000.
$\bullet$ Issued 500 shares of common stock for $250,000.
$\bullet$ Purchased machinery and equipment for $125,000 cash.
$\bullet$ Paid $450,000 toward a bank loan.
$\bullet$ Reduced accounts receivable by $100,000.
$\bullet$ Increased accounts payable $200,000.
-Smiley's net cash used in financing activities for 2015 was

A) $225,000.
B) $175,000.
C) $450,000.
D) $425,000.