Selected information from Phillips Corporation's accounting records and financial statements for 2006 is as follows (in millions):

Cash paid to retire bonds $30

Treasury stock purchased for cash 50

Proceeds from issuance of common stock 70

Proceeds from issuance of mortgage bonds 90

Cash dividends paid on common stock 25

Cash interest paid to bondholders 35

On its statement of cash flows, Phillips should report net cash inflows from financing activities of:

(A) $20 million

(B) $55 million

(C) $70 million

(D) $105 million