QUESTION 30 Income statement and balance sheet data for Kay Marie Company (KMC) is shown below: Sales Revenue $250,000 Cost of Goods Sold 110,000 Gross Profit 140,000 Operating Expenses: Salaries Expense Depreciation Expense Total Operating Expenses Income Before Income Taxes $50,000 20,000 70,000 70,000 Income Tax Expense 10,000 Net Income $60,000 2019 2018 Cash Accounts Receivable Merchandise Inventory Plant Assets I $68,000 40,000 85,000 220,000 (40,000) 82,000 48,000 Accumulated Depreciation $15,000 55,000 78,000 152,000 (20,000) 112,000 33,000 26,000 Land Accounts Payable Accrued Liabilities 20,000 Notes Payable (long-term) 25,000 16,000 Common Stock 22,000 7,000 Retained Earnings 340,000 310,000 For 2019, there were no non-cash investing and financing activities. What were KMC's net cash flows provided by (used by) financing activities? OA. $15,000 OB. ($6,000) c. $24,000 OD. $54,000