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17) The following information on selected cash transactions for 2021 has been provided by Candy Company: Proceeds from sale of machinery $350,000 Proceeds from long-term
17) The following information on selected cash transactions for 2021 has been provided by Candy Company:
Proceeds from sale of machinery $350,000
Proceeds from long-term borrowings 482,000
Purchases of plant assets 290,000
Purchases of inventories 840,000
Proceeds from sale of Candy common stock 250,000
What is the cash provided (used) by investing activities for the year ended December 31, 2021, as a result of the above information?
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