Using the indirect method to prepare the statement of cash flows, Taylor and Company issued a new note payable for cash of $24,000 and paid cash dividends of $1,000. They also paid $28,000 cash for the purchase of shares of Treasury Stock. The net cash flows provided by /used for financing activities is O A 55.000) OB. $(51,000) OC. $5,000 OD. 551,000