The Travis Company uses the spreadsheet method for completing the statement of cash flows.

The balance sheet accounts and other information related to those accounts are presented below for Travis Company: December 31

Assetes	2017	2016
Cash	$ 140,000	$ 100,000
Accounts Receivable, net	200,000	240,000
Inventory	160,000	140,000
Long-Term Investments	60,000	150,000
Plan Assets	500,000	450,000
Accumulated Depreciation	(300,0000)	(290,000)
Patents	8,000	10,000
Total Assets	$768,00	$800,000

Equities
Accounts Payable	$ 100,000	$ 80,000
Bonds Payable, due 2017	180,000	240,000
Common Stock, $10 Par	200,000	160,000
Additional Paid-in Capital	160,000	140,000
Retained Earnings	128,000	180,000
Total Equities	$ 768,000	$ 800,000

Additional information related to 2017 activities:

1. Net loss for 2017 was $40,000.

2. Cash dividends of $12,000 were declared and paid in 2017.

3. 4,000 shares of common stock were issued to bondholders converting bonds payable into common stock.

4. A long-term investment was sold for $100,000 cash.

5. Equipment costing $100,000 and having accumulated depreciation of $30,000 was sold for $50,000 cash.

Net cash provided (used) in the financing activities section of Travis's 2017 statement of cash flows was

A) $0

B) $(32,000)

C) $(12,000)

D) $(52,000)

I know the answer to this problem is C ($12,000). However, I don't know how to arrive at this answer. Could I see the work for this problem?