11. Ryan Ltd.sold Ryan Ltd. common stock for $250,000, repaid a notes payable for $375,000 (this amount includes $30,000 of interest on the notes payable), paid dividends of $45,000, sold equipment with a book value of $85,000 for a $5,000 gain, purchased treasury stock for $25,000, and received dividends in the amount of $15,000. The net cash flow outflow from financing activities was: A) $5,000 B) $35,000. C) $50,000 D) $195,000 E) $165,000