Chandler Company's net income last year was $98,000 and cash dividends declared and paid to the company stockholders was $13,000. Changes in selected balance sheet accounts for the year appear below:

	Increases
	(Decreases)
Debit balances:
Cash	$ (3,000)
Accounts receivable	1,000
Inventory	(1,000)
Prepaid expenses	13,000
Long-term investments	70,000
Plant and equipment	45,000
Credit balances:
Accumulated depreciation	61,000
Accounts payable	(11,000)
Accrued liabilities	(9,000)
Taxes payable	9,000
Bonds payable	(50,000)
Common stock	40,000
Retained earnings	85,000

The net cash flows from investing activities to be reported in a statement of cash flows is:

a.$75,000.

b.$(115,000).

c.$(75,000).

d.$115,000.