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McCorey Corporation recorded the following events last year: Repurchase by the company of its own...

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Accounting

McCorey Corporation recorded the following events last year: Repurchase by the company of its own common shares $ 41,000 Sale of long-term investment $ 60,000 Interest paid to lenders $ 15,500 Dividends paid to the company's shareholders $ 70,000 Collection by McCorey of a loan made to another company $ 46,000 Payment of taxes to governmental bodies $ 25,500 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: Multiple Choice $126,500 $258,000

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