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 Purchase of equipment Proceeds from the sale of equipment Repayment of outstanding bonds $ 14,000 225,000 106,000 87,000 Purchase of treasury stock 25,000 Issuance of common stock 96,000 34 Purchase of land 115,000 Increase in accounts receivable during the year 33,000 Decrease in accounts payable during the year Payment of cash dividends 75,000 35,000 Net cash flows from financing activities for the year were: Multiple Choice $26,000 of net cash used. $347,000 of net cash used. Multiple Choice $26,000 of net cash used. $347,000 of net cash used. $147,000 of net cash used. $51,000 of net cash used. $340,000 of net cash used