The following information is available to prepare a company's statement of cash flows for the year just ended: Loss on sale of equipment. Purchase of equipment..... Proceeds from sale of equipment. Rrepayment of outstanding bonds Purchase of treasury stock.............. Issuance of common stock Purchase of land................... Increase in accounts receivable during the year Decrease in accounts payable during the year Payment of cash dividends Net cash flows from financing activities for the year were: A. $110,250 of net cash used. B. $260,250 of net cash used. C. $38,250 of net cash used. D. $19,500 of net cash used. $10,500 168,750 79,500 65,250 18,750 72,000 86,250 24,750 56,250 26,250