Company P Acquired 75% of the Outstanding Common Stock of the Company

Company P acquired 75% of the outstanding common stock of the Company S by issuing common stock with a market value of $650,000 on January 1, 2016.The balance sheet of Company S was as follows on the acquisition date:
$$\begin{array} { l r l r } \text { Assets } & & \text { Liabilities and Equity } & \\\text { Cash } & \$ 100,000 & \text { Liabilities } & \$ 100,000 \\\text { Inventory } & 90,000 & \text { Common stock, } \$ 10 \text { par } & 100,000 \\\text { Land } & 150,000 & \text { Other paid-in capital } & 200,000 \\\text { Building (net) } & 500,000 & \text { Retained earnings } & 440,000 \\\quad \text { Total } & \$ 840,000 & \text { Total } & \$ 840,000\end{array}$$ The market values were as follows: Inventory, $180,000; Land, $150,000; Building, $600,000.What is the amount that will appear as Cash Provided (Used) by Financing Activities as a result of this purchase?

A) $560,000
B) $100,000?
C) $75,000
D) $0