Cornett Company reported the following information: cash received from the issuance of common stock, $150,000; cash received from the sale of equipment, $14,800; cash paid to purchase an investment, $20,000; cash paid to retire a note payable, $50,000; and cash collected from sales to customers, $225,000.

What amount should Cornett report on its statement of cash flows as net cash flows from financing activities?

a.$100,000

b.$94,800

c.$65,200

d.None of these choices are correct.