Problem:
Jean's Vegetable Market had the following transactions during 2014:
- Issued $50,000 of par value common stock for cash.
- Repaid a 6 year note payable in the amount of $22,000.
- Acquired land by issuing common stock of par value $50,000.
- Declared and paid a cash dividend of $7,000.
- Sold a long-term investment (cost $3,000) for cash of $6,000.
- Acquired an investment in IBM stock for cash of $10,000.
Required:
Question: What is the net cash provided by financing activities?
- $28,000
- $0
- $21,000
- $67,000
Note: Please show the work not just the answer.