Muzeen Ltd. had the following activity during 2020:

Preceeds from the issuance of bonds payable $200,000

Loss of disposal of equipment ($0 proceeds from disposal) 18,000

Repayment of long-term debt 25,000

Issuance of shares 125,000

Gain on the sale of short-term investments 75,000

What was the cash flow from financing activities?

$300,000 $292,000 $325,000 $275,000