The following transactions occurred last year at Joyce Company:
|
Issuance of shares of the company’s own common stock |
$80,000 |
|
Dividends paid to the company’s own shareholders |
$3,000 |
|
Dividends received from investments in other companies’ shares |
$5,000 |
|
Interest paid on the company’s own bonds |
$6,000 |
|
Repayment of principal on the company’s own bonds |
$50,000 |
|
Proceeds from sale of the company’s used equipment |
$22,000 |
|
Purchase of land |
$140,000 |
Based solely on the above information, the net cash provided by financing activities for the year on the statement of cash flows would be:
A) $306,000
B) $21,000
C) $(92,000)
D) $27,000