Which of the following transactions has an effect on the cash flows of a business? Select one: o A. Exchanging common stock for equipment O B. The declaration of a cash dividend O C. The issuance of common stock for cash D. Retiring outstanding bonds by issuing new common stock The following information appears on the balance sheet of Barrel Corporation at year-end: Accounts receivable $ 46,000 Accounts payable 22,000 Supplies 18,000 Cash 16,000 Equipment 276,000 Capital stock 260,000 If the beginning of year balance in retained earnings is $60,000 and $24,000 in dividends are paid during the year, net income for the year was: Select one: O A. $ 78,000 B. $ 38,000 O C. $ 36,000 O D. $114,000