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.
$$\begin{array} { | l | r | } \hline \text { Net income } & \$ 70,000 \\\hline \text { Loss on sale of plant assets } & 25,000 \\\hline \text { Cash received from sale of plant assets } & \mathbf { 3 6 , 0 0 0 } \\\hline \text { Cash received from issuing stock } & \mathbf { 8 0 , 0 0 0 } \\\hline \text { Increase in income taxes payable } & \mathbf { 2 0 , 0 0 0 } \\\hline\end{array}$$

A) $\begin{array}{|l|}\hline\text { Cash provided by investing activities, } \$ 11,000 \\\hline \text { Cash provided by financing activities, } \$ 80,000 \\\hline\end{array}$

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) $\begin{array}{|l|}\hline\text { Cash used by investing activities, } \$ 25,000 \\\hline \text { Cash used by financing activities, } \$ 36,000 \\\hline\end{array}$

E) $\begin{array}{|l|}\hline \text { Cash provided by investing activities, } \$ 36,000 \\\hline \text { Cash provided by financing activities, } \$ 80,000 \\\hline\end{array}$