O O O O O QUESTION 16 Daxton is preparing the company's statement of cash flows for the fiscal year just ended. Using the following information, determine the amount of cash flows from financing activities: Net income Proceeds from the sale of $190,000 99,900 equipment Depreciation expense - equipment 49,000 Payment of bonds at maturity 112,000 Purchase of land 200,000 Issuance of common stock 299,000 Increase in merchandise inventory 33,300 Decrease in accounts receivable 28,800 Payment of cash dividends 42,000 $299,000 $154,000 $257,000 $145,000 $187,000