In preparing a company's statement of cash flows for the year just ended, the following information is available:

Loss on the sale of equipment	$14,000
Purchase of equipment	$225,000
Proceeds from the sale of equipment	$106,000
Repayment of outstanding bonds	$87,000
Purchase of treasury stock	$25,000
Issuance of common stock	$96,000
Purchase of land	$115,000
Increase in accounts receivable during the year	$33,000
Decrease in accounts payable during the year	$75,000
Payment of cash dividents	$35,000

Net cash flows from financing activities for the year were:

a) $147,000 of net cash used.

b) $26,000 of net cash used.

c) $347,000 of net cash used.

d) $51,000 of net cash used.

e) $340,000 of net cash used.