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15) MC Qu. 82 Spackel Corporation ... Spackel Corporation recorded the following events last year:...

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Accounting

15) MC Qu. 82 Spackel Corporation ...

Spackel Corporation recorded the following events last year:

Issuance of shares of the company's own common stock

$380,000

Purchase of long-term investment

$40,000

Dividends paid to the company's own shareholders

$18,000

Cash paid to suppliers for inventory purchases

$12,000

Repayment of principal on the company's own bonds

$370,000

Interest paid to lenders

$6,000

Collection by Spackel of a loan made to another company

$110,000

Purchase of equipment

$350,000

On the statement of cash flows, some of these events are classified as operating activities, some are classified as investing activities, and some are classified as financing activities. Based solely on the information above, the net cash provided by (used in) financing activities on the statement of cash flows would be:

A)$1,286,000

B)$104,000

C)($14,000)

D)($8,000)

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