Marion Manufacturing Had the Following Cash Flows for the Current

Marion Manufacturing had the following cash flows for the current year.The company uses the direct method in preparing the statement of cash flows. $\begin{array}{lr}\text { Cash receipts from issuance of stock } & 60,000 \\\text { Bonds payable issued at face value } & 250,000 \\\text { Cash dividends received from long-term investments } & 4,500 \\\text { Cash paid for wages } & 20,000 \\\text { Cash paid for dividends } & 5,000 \\\text { Cash received from customers } & 42,500 \\\text { Cash paid for other operating expenses } & 19,500\\\text { Cash paid to purchase equipment }&100,000\end{array}$ What is the net cash flows provided by (used in) financing activities?

A) $310,000
B) $205,000
C) $305,000
D) $245,000