Given the Following Information,determine the Amount of Cash Flows from Investing

Given the following information,determine the amount of cash flows from investing and financing activities.
$$\begin{array} { | l | r | } \hline \text { Net income } & \$ 70,000 \\\hline \text { Loss on sale of plant assets } & 25,000 \\\hline \text { Cash received from sale of plant assets } & 3 6 , 0 0 0\\\hline \text { Cash received from issuing stock } &8 0 , 0 0 0 \\\hline \text { Increase in income taxes payable } & 2 0 , 0 0 0 \\\hline\end{array}$$

A)
Cash provided by investing activities, $\$ 11,000$
Cash provided by financing activities, $\$ 80,000$

B)
Cash used by investing activities, $\$ 80,000$
Cash used by financing activities, $\$ 11,000$

C)
Cash provided by investing activities, $\$ 80,000$
Cash provided by financing activities, $\$ 36,000$

D)
Cash used by investing activities, $\$ 25,000$
Cash used by financing activities, $\$ 36,000$
E)
Cash provided by investing activities, $\$ 36,000$
Cash provided by financing activities, $\$ 80,000$