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During 2020, the cash flows related to Liberty Recycling Company's lending and borrowing activities are summarized as follows: Cash lent to borrowers $250,000 Payment to

During 2020, the cash flows related to Liberty Recycling Company's lending and borrowing activities are summarized as follows:

Cash lent to borrowers $250,000
Payment to pay off notes payable 1,000,000
Proceeds from issuance of bonds payable 350,000
Interest received from borrowers 20,000
Interest payments made on notes payable 100,000

Based solely on the above information, what is Liberty's net cash used in financing activities?

A) $650,000

B) $750,000

C) $900,000

D) $980,000

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