Given the following information for the Mondgil Company Statement of Cash Flows.

Cash paid as dividends 12

Cash paid to retire bonds payable at par 45

Cash received from issuance of common stock 70

Prepaid expenses decrease 3

Accounts payable decrease 8

Unearned Revenue increase 13

Cash received from sale of equipment 20

Depreciation Expense 27

Loss on sale of equipment 14

Cash paid to purchase machines 11

Net income 50

Net Cash provided (used) by Financing is:

Select one:

a.

$2

b.

$58

c.

$13

d.

$25

e.

$33