Talent Co had the following activities during 2020:

• Patent amortization recognized amounted to $30,000.
• Plant assets costing $4,000 were purchased with cash.
• Sold a long-term investment in another companys common stock for $5,000.
• Borrowed $40,000 cash for capital projects on a note payable.
• Paid a cash dividend of $5,000.
• Depreciation recognized amounted to $80,000.
• Purchased land for $85,000 cash.
• Issued common stock, $1 par, for $200,000.
• Purchased a patent for $5,000.
• Purchased treasury stock, $3,500

What is Talent Cos Net Cash provided or used by investing and financing activities for 2020?

	a.	$125,000 Net cash used in investing activities & $231,500 Net cash provided by financing activities
	b.	$125,000 Net cash used in investing activities &$238,500 Net cash provided by financing activities
	c.	$130,000 Net cash used in investing activities &$231,500 Net cash used by financing activities
	d.	$40 Net cash used in investing activities &$230,000 Net cash used in financing activities