COTB MC Qu. 15-85 (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			$	913,000
Retained earnings	$	375,000			$	450,000

During the year, the company retired bonds payable of $50,000 and did not repurchase any of its common stock. If the companys net income for the year was $110,000, then the total amount of the cash inflows recorded in the financing activities section of the statement of cash flows would be:

Multiple Choice

• $163,000.

• $188,000.

• $113,000.

• $175,000.