Use This Information to Answer the Following Question

Use this information to answer the following question.

Oconee Corporation is preparing a statement of cash flows. The following transactions occurred during the year:

1. Sold machinery for $18,000 cash.
2. Purchased a building for $160,000 cash.
3. Issued $140,000 worth of stock to acquire an airplane.
4. Converted long-term bonds by issuing $200,000 worth of stock.
5. Declared and paid a $20,000 cash dividend.

Transaction 5 would be found on the statement of cash flows in the

A) noncash investing and financing transactions section.
B) cash flows from financing activities section.
C) cash flows from operating activities section.
D) cash flows from investing activities section.