Problem
Listed below are some of the transactions of Carpenter Corporation during the current year:
i. On January 1, equipment costing $21773 with accumulated depreciation of $8337 was sold for $8720.
ii. On March 1, investments costing $26640 were sold for $36467. $29747 of the cash received was used to purchase other investments.
iii. On June 1, bonds were issued totaling $69128.
iv. On September 1, 996 shares of common stock were issued at par value of $20 per share.
v. On December 31, dividends totaling $8782 were declared and paid.
What is the effect of these transactions on the net cash provided (used) by financing activities?