Arkansas Company is preparing its statement of cash flows using the indirect method. Refer to the following information: 1. Repayments on Long-term Notes Payable $58,000 2 New borrowing on Long- term Notes Payable $20,000 Which of the following statements is correct? 0 A. O B. O C. Net cash provided by financing activities is $38,000. Net cash provided by investing activities is $38,000. Net cash used for financing activities is $(38,000). D. Net cash used for investing activities will is $58,000