Question - Lange Co. provided the following information on selected transactions during 2004:
Purchase of land by issuing bonds $150,000
Proceeds from issuing bonds 300,000
Purhcases of inventory 570,000
Purchases of treasury stock 90,000
Loans made to other corporations 210,000
Dividends paid to preferred stockholders 60,000
Proceeds from issuing stock 240,000
Proceeds from sale of equipment 30,000
The net cash provided (used) by investing activities during 2004 is
a) $30,000
b) $(180,000)
c) $(330,000)
d) $(750,000)