Arkansas Company Is Preparing Its Statement of Cash Flows Using

Arkansas Company is preparing its statement of cash flows using the indirect method. Refer to the following information: 1. Repayments on Long-term Notes Payable $60,000
2) New borrowing on Long-term Notes Payable $23,000
Which of the following statements is correct?

A) Net cash used for financing activities is $(37,000) .
B) Net cash used for investing activities will is $60,000.
C) Net cash provided by financing activities is $37,000.
D) Net cash provided by investing activities is $37,000.