Hines Cannery Issued Capital Stock in 2009 for $700,000

Hines Cannery issued capital stock in 2009 for $700,000. During 2009 the company paid dividends of $250,000. What is the effect of these events in Hines' statement of cash flows for 2009?

A) $700,000 cash provided by investing activities, and $250,000 cash disbursed for financing activities.
B) $700,000 cash provided by financing activities, and $250,000 cash disbursed for investing activities.
C) $700,000 cash provided by financing activities, and $250,000 cash disbursed for operating activities.
D) $450,000 net cash provided by financing activities.