Florida Chemicals Company Uses the Indirect Method to Prepare Its

Florida Chemicals Company uses the indirect method to prepare its statement of cash flows. Refer to the following portion of the comparative balance sheet: $\begin{array}{c} \text {Florida Chemicals Company}\\ \text { Comparative Balance Sheet }\\ \text {December 31, 2018 and 2017}\\\begin{array}{|l|r|r|r|}\hline&2018 & 2017 & \text { Increase/(Decrease) }\\\hline \text { Common Stock } & \$ 30,000 & \$ 2500 & \$ 27,500 \\\hline \text { Retained Earnings } & 159,000 & 154,000 & 5000 \\\hline \text { Treasury Stock } & (8400) & (5200) & \$ 3200 \\\hline \text { Total Equity } & \$ 180,600 & \$ 151,300 & \$ 29,300 \\\hline\end{array}\end{array}$ Net Income for the year was $57,000.
Which of the following statements is true of Florida Chemicals Company's statement of cash flows for 2018?

A) The company issued stocks for $30,000.
B) The company declared $52,000 as dividends.
C) The company purchased treasury stock for $8400.
D) The net cash flow from financing activities is $180,600.