40. NO NEED TO GIVE ME EXPLAINATION

The following information is available for Elm Tree Corporation for the year ended December 31, 2015:

	Collection of principal on long-term loan to a supplier	$25,000
	Purchase of equipment for cash	12,000
	Proceeds from the sale of long-term investment at carrying amount	28,000
	Issue of common shares for cash	23,500
	Payment of cash dividends	47,250
	Purchase of land by issuing common shares	35,000

In addition, the following information is available from the comparative statements of financial position for Elm Tree Corporation at the end of 2015 and 2014:

		Dec 31,2015			Dec 31, 2014
	Cash		$ 95,900	$16,000
	Accounts receivable		24,500	21,250
	Prepaid insurance		13,500	9,000
	Total current assets		$133,900	$46,250
	Accounts payable		$36,250	$33,500
	Salaries payable		5,100	8,200
	Total current liabilities		$41,350	$41,700

Determine the net cash used by financing activities for the year ended December 31, 2015

Question 40 options:

	(33,700)
	(32,130)
	(31,750)
	(26,830)
	None of the above