In Preparing a Company's Statement of Cash Flows for the Most

In preparing a company's statement of cash flows for the most recent year, the following information is available: Loss on the sale of equipment $ 14,000
Purchase of equipment $145,000
Proceeds from the sale of equipment $126,000
Repayment of outstanding bonds $ 87,000
Purchase of treasury shares $ 62,000
Issuance of ordinary shares $ 96,000
Purchase of land $115,000
Increase in accounts receivable during the year $ 43,000
Decrease in accounts payable during the year $ 75,000
Payment of cash dividends $ 35,000
Net cash flows from investing activities for the year were:

A) $134,000 of net cash used by investing activities.
B) $134,000 of net cash provided by investing activities.
C) $120,000 of net cash used by investing activities.
D) $252,000 of net cash used by investing activities.
E) $221,000 of net cash provided by investing activities.