Coronado Industries has recently decided to go public and has hired you as an independent CPA. One statement that the enterprise is anxious to have prepared is a statement of cash flows. Financial statements of Coronado Industries for 2022 and 2021 are provided below.

BALANCE SHEETS
						12/31/22					12/31/21
	Cash					$406000					$ 191000
	Accounts receivable					358000					218000
	Inventory					384000					482000
	Property, plant and equipment		$607000					$961000
	Less accumulated depreciation		(319000	)		288000		(305000	)		656000
						$1436000					$1547000
.
	Accounts payable					$ 177000					$ 98000
	Income taxes payable					351000					394000
	Bonds payable					361000					598000
	Common stock					218000					218000
	Retained earnings					329000					239000
						$1436000					$1547000

INCOME STATEMENT For the Year Ended December 31, 2022
	Sales revenue								$8420000
	Cost of sales								7152000
	Gross profit								1268000
	Selling expenses						$600000
	Administrative expenses						191000		791000
	Income from operations								477000
	Interest expense								70000
	Income before taxes								407000
	Income taxes								98000
	Net income								$ 309000

The following additional data were provided:

	1.	Dividends for the year 2022 were $219000.
	2.	During the year, equipment was sold for $239000. This equipment cost $352000 originally and had a book value of $288000 at the time of sale. The loss on sale was incorrectly charged to cost of sales.
	3.	All depreciation expense is in the selling expense category.

The net cash provided (used) by financing activities is

a. $49000.

b. $219000.

c. $(239000).

d. $(456000).