QUESTION 15 In preparing a company's statement of cash flows for the year just ended, the following information is available: Proceeds from the sale of equipment $120,000 $ 95,000 Repayment of outstanding bonds Purchase of treasury stock Issuance of common stock Purchase of land Payment of cash dividends $ 65,000 $ 102,000 $125,000 $ 40,000 Net cash flows from financing activities for the year were: O O O O $98,000 of net cash used by financing activities $105,000 of net cash used by financing activities $102,000 of net cash used by financing activities $88,000 of net cash used by financing activities $102,000 of net cash used by financing activities