Question - Sunlands Vegetable Market had the following transactions during 2017:
1. Issued $53,000 of par value common stock for cash
2. Repaid a 6 year note payable in the amount of $16,000
3. Acquired land by issuing common stock of par value $53,000
4. Declared and paid a cash dividend of $7,200
5. Sold a long-term investment (cost $3,100) for cash of $6,000
6. Acquired an investment in IBM stock for cash of 9,700
What is the net cash provided by financing activities?
a. 37,000
b. 69,900
c. 0
d. 29,800