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

Loss on the sale of equipment	$	15,100
Purchase of equipment		156,000
Proceeds from the sale of equipment		137,000
Repayment of outstanding bonds		92,500
Purchase of treasury stock		67,500
Issuance of common stock		101,500
Purchase of land		126,000
Increase in accounts receivable during the year		48,500
Decrease in accounts payable during the year		80,500
Payment of cash dividends		40,500

Net cash flows from investing activities for the year were:

Multiple Choice

• $274,000 of net cash used.

• $237,500 of net cash provided.

• $129,900 of net cash used.

• $145,000 of net cash used.

• $145,000 of net cash provided.