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19. Given the following information, determine the amount of cash flows from investing and financing activities. Net Income: 50000 Loss on sale of plant assets:

19. Given the following information, determine the amount of cash flows from investing and financing activities. Net Income: 50000 Loss on sale of plant assets: 15000 Cash received from sale of plant assets: 26000 Cash received from issuing stock: 70000 Increase in income taxes payable: 120000 A. Cash provided by investing activities $11000 Cash provided by financing activities $70000 B. Cash used by investing activities $11000 Cash used by financing activities $70000 C. Cash provided by investing activities $26000 Cash provided by financing activities $55000 D. Cash used by investing activities $26000 Cash used by financing activities $55000 E. Cash provided by investing activities $26000 Cash provided by financing activities $70000

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