1. Poof Co. had the following transaction: Purchase of land for cash, $90,000; sale of equipment for cash $30,000; issuance of bonds for cash, $100,000; payment of mortgage for cash, $15,000; issue stock dividends, $40,000; purchase treasury stock; $200,000; receive cash dividends, $15,000; scrapped a company car which had a book value of $5,000. What is the net effect of the financing activities?

   		Decrease $100,000
   		Decrease $115,000
   		Decrease $130,000
   		Decrease $155,000