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

In preparing a company's statement of cash flows for the most recent year, the following information is available: $$\begin{array} { | l | r | } \hline \text { Loss on the sale of equipment } & \$ 14,00 0\\\hline \text { Purchase of equipment } & 225,000 \\\hline \text { Proceeds from the sale of equipment } & 106,00 \\\hline \text { Repayment of outstanding bonds } & 87,000 \\\hline \text { Purchase of treasury stock } & 25,000 \\\hline \text { Issuance of common stock } & 96,000 \\\hline \text { Purchase of land } & 115,00 \\\hline \text { Decrease in accounts receivable during the year } & 33,000 \\\hline \text { Payment of cash dividends } & 75,000 \\\hline\end{array}$$ Net cash flows from investing activities for the year were:

A) $234,000 of net cash used.
B) $120,000 of net cash provided.
C) $340,000 of net cash used.
D) $259,000 of net cash used.
E) $280,000 of net cash provided.