Smith Corporation formats operating cash flows using the indirect method. Smith's net cash flow from financing activities for 2018 was (assume no stock dividends were distributed)

A.net cash used of $46,500.

B.net cash provided of $17,000.

C.net cash used of $38,500.

D.net cash used of $65,000.

Smith's Income Statement for 2018 $ Sales revenue $ 190,000 6,500 $ 196,500 $ Gain on sale of equipment Cost of goods sold Depreciation Other operating expenses Net income * The book value of equipment sold during 2018 was $26,000. 106,000 9,500 23,000 138,500 $ 58,000 2018 2017 Cash $ 5,000 $ 6,000 Smith's Comparative Balance Sheets December 31, 2018 and 2017 2018 2017 $ 5,500 $ 5,000 Accounts payable 8,500 13,000 Accrued liabilities 12,000 11,000 Common stock 87,000 65,000 Retained earnings $ 113,000 $ 94,000 6,500 Accounts receivable Inventory Plant and equipment, net 7,000 34,000 67,000 17.000 64,500 $ 113,000 $ 94,000