The differences in Sanaol's balance sheet at December 31,2010 and 2009 are presented below:

Increase

(decrease)

Assets

Cash and cash equivalents 120,000

Available -for-sale securities 300,000

Inventory 80,000

Long-term Investments -100,000

Plant Asset 700,000

Accumulated Deprecation 0

TOTAL 1,100,000

Liabilities and Stockholders Equity

Accounts payable and accrued liabilities -5,000

Dividends payable 160,000

Short-term bank debt 325,000

Long-term debt 110,000

Common stock, 10 par 100,000

Additional paid-in capital 120,000

Retained earnings 290,000

TOTAL 1,100,000

The following information relates to 2010

*Net Income was 790,000

* Cash dividends of 500,000 were declared

* Building costing 600,000and having a carrying amount of 350,000was sold for 350,000

*Equipment costing 110,000 was acquired through issuance of long -term debt

*A long-term investment was sold for 135,000

There were no other transactions affecting long- term investments

* 10,000 shares of common stock were issued for 22 a share

In Sanaol's 2010 statement of cash flows . Net cash provided by financing activities was?

a.) 205,000

b.) 150,000

c.) 45,000

d.) 20,000