Jelly Bean Company uses the indirect method to prepare its statement of cash flows. Refer to the following portion of the comparative balancesheet:

Jelly Bean Company

Comparative Balance Sheet

December31, 2017 and 2016

2016

2015

Increase/(Decrease)

Common Stock

$32,000

$2,000

$30,000

Retained Earnings

122,000

78,000

44,000

Treasury Stock

(15,000)

(8,500)

(6,500)

Total Equity

$139,000

$71,500

$67,500

Note:

1. There were no stock retirements during the year.

2. There were no sales of treasury stock during the year.

Compute the cash flow from transactions involving treasury stock.

A.

zero net cash flow

B.

$6,500 of positive cash flow

C.

$15,000 negative cash flow

D.

$6,500 negative cash flo