In preparing a company's statement of cash flows for the most recent year, Ransom Corp. reported the following information:
|
Repayment of outstanding bonds
|
$107,000
|
|
Purchase of treasury stock
|
$62,000
|
|
Issuance of common stock
|
$46,000
|
|
Payment of cash dividends
|
$15,000
|
Net cash flows from financing activities for the year were:
a. $230,000 of net cash used.
b. $230,000 of net cash provided.
c. $108,000 of net cash used.
d. $138,000 of net cash used.
e. $138,000 of net cash provided.