COTB MC Qu. 15-83 (Algo) Assume the following excerpts from...

Assume the following excerpts from a companys balance sheet:

	Beginning Balance				Ending Balance
Bonds payable	$	500,000			$	600,000
Common stock	$	900,000			$	900,000
Retained earnings	$	375,000			$	447,000

During the year, the company did not retire any bonds or issue or repurchase any common stock. If the companys net income for the year was $110,000, then its net cash provided by (used in) financing activities would be:

Multiple Choice

• $(138,000).

• $(62,000).

• $62,000.

• $138,000.