Dragonstone Corp. had net income of

$ 37 comma 000$37,000.

Accounts Receivable increased by

$ 6 comma 000$6,000;

accounts payable decreased by

$ 3 comma 500$3,500.

Depreciation expense for the year was

$ 1 comma 100$1,100.

Additional transactions include: the purchase of land in exchange for stock

$ 60 comma 000$60,000;

the sale of treasury stock

$ 2 comma 000$2,000;

issued bonds

$ 5 comma 500$5,500;

acquired a building by issuing a note

$ 76 comma 000$76,000.

Using the indirect method, the net increase (decrease) in cash for the year is:

A.

$(19 comma 10019,100)

B.

$(103 comma 600103,600)

C.

$ 36 comma 100$36,100

D.

$ 28 comma 600