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.