Net cash provided by financing activities was

a. $ 20,000

b. $ 45,000

c. $150,000

d. $205,000 Items are based on the following:

The differences in Beal Inc.’s balance sheet accounts at December 31, 2010 and 2009, are presented below.

Increase

(Decrease)

Assets Cash and cash equivalents $ 120,000 Available-for-sale securities 300,000 Accounts receivable, net --

Inventory 80,000 Long-term investments (100,000)
Plant assets 700,000 Accumulated depreciation --
$1,100,000 Liabilities and Stockholders’ Equity Accounts payable and accrued liabilities $ (5,000)
Dividends payable 160,000 Short-term bank debt 325,000 Long-term debt 110,000 Common stock, $10 par 100,000 Additional paid-in capital 120,000 Retained earnings 290,000 $1,100,000 The following additional information relates to 2010:
• Net income was $790,000.
• Cash dividends of $500,000 were declared.
• Building costing $600,000 and having a carrying amount of $350,000 was sold for $350,000.
• Equipment costing $110,000 was acquired through issuance of long-term debt.
• A long-term investment was sold for $135,000.
There were no other transactions affecting long-term investments.
• 10,000 shares of common stock were issued for $22 a share.
In Beal’s 2010 statement of cash flows,