In preparing its cash flow statement for the year ended December 31,2016, Green Co. gathered the following data:

Gain on sale of land 12,000

Proceeds from sale of land 20,000

Purchase of Black Inc, bonds (FV 200,000) 360,000

Amortization of bond discount 4,000

Cash dividends declared 90,000

Cash dividends paid 76,000

Proceeds from sales of Green co Common stock 150,000

In its December 31, 2016, statement of cash flows, what amount should Green report as net csah from financing activities?

A. 40,000

B. 54,000

C. 60,000

D. 74,000