15. Use the following information for questions 15 and 16.Kerwin Corp.'s transactions for the year ended December 31, 2008 included the following: Purchased real estate with cash funds borrowed from a bank $550,000 Sold available-for-sale securities for $500,000 Paid dividends of $600,000 Issued 500 shares of common stock for $250,000 Purchased machinery and equipment with cash $125,000 Paid a bank loan $450,000 Reduced accounts receivable by $100,000 Increased accounts payable $200,000 Kerwin's net cash used in investing activities for 2008 was A) $675,000. B) $375,000. C) $175,000. D) $50,000. 16. Kerwin's net cash used in financing activities for 2008 was A) $50,000. B) $250,000. C) $450,000. D) $500,000. \