When preparing its statement of cash flows, Novelty Game Creators, Inc., reported net income of $276,000, a decrease in accounts payable of $38,000, an increase in bonds payable of $98,000, and an increase in depreciation expense of $28,000. The Financing Activities section would show net cash flows of

a. $98,000.

b. $402,000.

c. $(98,000).

d. $374,000.