12Question Help Mars Chemicals Company uses the indirect method to prepare its statement of cash flows. Refer to the following portion of the comparative balance sheet: Mars Chemicals Company Comparative Balance Sheet December 31, 2017 and 2016 2016 2015 Increase/(Decrease) Common Stock $32,000 $2,400 $29,600 Retained Earnings 155,000 154,000 1,000 Treasury Stock (8,200) (5,000) (3,200) Total Equity $178,800 $151,400 $27,400 Net Income for the year was $57,000. Which of the following statements is true of Taylor's statement of cash flows for 2016? A. The company issued stocks for $32,000. B. The net cash flow from financing activities is $178,800. C. The company declared $56,000 as dividends. D. The company purchased treasury stock for $8,200.