Bailey, Inc. is a delivery firm. Bailey owns delivery trucks and earns revenue by making deliveries for clients. During 2022, Bailey had cash flows as follows: Paid $87,000 cash to retire bonds that Bailey had issued in 2004 Distributed $38,000 in cash dividends to Bailey shareholders Borrowed $30,000 from First Bank Purchased a delivery truck for $70,000 cash Issued shares of Bailey stock to shareholders for $21,000 cash Sold used delivery trucks for $58,000, a gain of $7,500 What is Bailey's net cash flows from FINANCING activities?

Brackets indicate a negative amount. Group of answer choices

a. ($16,000)

b. ($144,000)

c. ($74,000)

d. ($106,000)