Mars Chemicals Company Uses the Indirect Method to Prepare Its

Mars Chemicals Company uses the indirect method to prepare its statement of cash flows.Refer to the following portion of the comparative balance sheet: $\begin{array}{c}\text { Mars Chemicals Company}\\\text { Comparative Balance Sheet}\\\text { December 31,2017 and 2016}\\\begin{array}{|l|r|r|r|}\hline&2016 & 2015 & \text { Increase/(Decrease) }\\\hline \text { Common Stock } & \$ 33,000 & \$ 2,500 & \$ 30,500 \\\hline \text { Retained Earnings } & 154,000 & 155,000 & (1,000) \\\hline \text { Treasury Stock } & (8,500) & (\underline{5,200}) & \underline{(3,300}) \\\hline \text { Total Equity } & \$ 178,500 & \$ 152,300 & \$ 26,200 \\\hline\end{array}\end{array}$ Net Income for the year was $60,000.
Which of the following statements is true of Taylor's statement of cash flows for 2016?

A) The company issued stocks for $33,000.
B) The company declared $61,000 as dividends.
C) The company purchased treasury stock for $8,500.
D) The net cash flow from financing activities is $178,500.