The following are data concerning cash received or paid from various transactions for Orange Peels Corporation. Sale

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The following are data concerning cash received or paid from various transactions for Orange Peels Corporation.

Sale of land $100,000 Sale of equipment 50,000 Issuance of common stock 70,000 Purchase of equipment 30,000 Payment of cash dividends 60,000 Net cash provided by investing activities is:

(a) $120,000.

(c) $150,000.

(b) $130,000.

(d) $190,000.

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