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. $\begin{array}{|l|r|}\hline \text { Net income } & \$ 50,000 \\\hline \text { Loss on sale of plant assets } & 15,000 \\\hline \text { Cash received from sale of plant assets } & 26,000 \\\hline \text { Cash received from issuing stock } & 70,000 \\\hline \text { Increase in income taxes payable } & 120,000\\\hline\end{array}$

A) $\begin{array}{|l|} \hline \text {Cash provided by irvesting activities, \$ 11,000 } \\\hline \text {Cash provided by finaricing activities, \$ 70,000} \\\hline\end{array}$

B) $\begin{array}{|l|} \hline \text {Cash used by irvesting activities, \$ 11,000 } \\\hline \text {Cash used by finaricing activities, \$ 70,000} \\\hline\end{array}$

C) Cash provided by irvestirg activities, $\$ 26,000$
Cash provided by firancing activities, $\$ 55,000$
D) $\begin{array}{|l|} \hline \text {Cash used by irvesting activities, \$ 26,000} \\\hline \text {Cash used by Finarucing activities, \$ 55,000} \\\hline\end{array}$

E) $\begin{array}{|l|} \hline \text {Cash provided by irvesting activities, \$ 26,000} \\\hline \text {Cash provided by finaricing activities, \$ 70,000} \\\hline\end{array}$