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	$ 14,300
Purchase of equipment	148,000
Proceeds from the sale of equipment	129,000
Repayment of outstanding bonds	88,500
Purchase of treasury stock	63,500
Issuance of common stock	97,500
Purchase of land	118,000
Increase in accounts receivable during the year	44,500
Decrease in accounts payable during the year	76,500
Payment of cash dividends	36,500

Net cash flows from investing activities for the year were:

a	$137,000 of net cash used.
b	$137,000 of net cash provided.
c	$258,000 of net cash used.
d	$225,500 of net cash provided.