Kerwin Corp

Kerwin Corp.'s transactions for the year ended December 31, 2008 included the following:
• Purchased real estate for $550,000 cash which was borrowed from a bank.
• Sold available-for-sale securities for $500,000.
• Paid dividends of $600,000.
• Issued 500 shares of common stock for $250,000.
• Purchased machinery and equipment for $125,000 cash.
• Paid $450,000 toward a bank loan.
• Reduced accounts receivable by $100,000.
• Increased accounts payable $200,000.
-Kerwin's net cash used in financing activities for 2008 was

A) $50,000.
B) $250,000.
C) $450,000.
D) $500,000.