02. Jeans Vegetable Market had the following transactions during 2016:

1. Issued $50,000 of par value common stock for cash.

2. Repaid a 6-year note payable in the amount of $22,000.

3. Acquired land by cash for $50,000.

4. Declared and paid a cash dividend of $7,000.

5. Sold a long-term investment (cost $3,000) for cash of $6,000.

6. Acquired an investment in IBM stock for cash of $10,000.

What is the net cash provided (used) by investing activities?

a. $21,000 c. $28,000

b. $67,000 d. $50,000