Illies Corporation's comparative balance sheet appears below:

The company did not dispose of any property, plant, and equipment during the year. Its net income for the year was $3,400 and its cash dividends were $3,000. The company did not issue any bonds payable or purchase any of its own common stock during the year. Its net cash provided by (used in) operating activities and net cash provided by (used in) financing activities are which of the following: A, B, C, or D

• net cash provided by (used in) operating activities, $35,000; net cash provided by (used in) financing activities, $(2,500)

• net cash provided by (used in) operating activities, $37,300; net cash provided by (used in) financing activities, $(6,000)

• net cash provided by (used in) operating activities, $35,000; net cash provided by (used in) financing activities, $(6,000)

• net cash provided by (used in) operating activities, $37,300; net cash provided by (used in) financing activities, $(2,500)

Comparative Balance Sheet Ending Balance Beginning Balance AssetS: Current assets: $ 36,000 24,300 72,300 132,600 345,000 135,000 210,000 $342,600 Cash and cash equivalents $ 43,000 22,000 70,000 135,000 367,000 162,000 205,000 $340,000 Accounts receivable Inventory Total current assets Property, plant, and equipment Less accumulated depreciation Net property, plant, and equipment Total assets Liabilities and stockholders' equity: Current liabilities: 21,000 57,000 51,600 129,600 85,000 214,600 22,300 62,300 45,000 129,600 90,500 220,100 Accounts payable Accrued liabilities Income taxes payable Total current liabilities Bonds payable Total liabilities Stockholders' equity: 25,000 97,500 122,500 $342,600 Common stock 27,500 97,900 125,400 $340,000 Retained earnings Total stockholders' equity Total liabilities and stockholders' equity