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 $225,000
proceeds from the sale of equipment $106,000
repayment of outstanding bonds $87,000
purchase of treasury stock $25,000
issuance of common stock $96,000
purchase of land $115,000
increase in accounts receivable during the year $33,000
decrease in accounts payable during the year $75,000
payment of cash dividents $35,000
net cash flows from investing activities for the year were:

a) $234,000 of net cash used.
b) $120,000 of net cash provided.
c) $340,000 of net cash used.
d) $259,000 of net cash used.
e) $280,000 of net cash provided.