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21 Net income Cash dividends paid to stockholders Cash proceeds from sale of land $ 12,000 2900 3450 Cash proceeds from bank loan 7700 Cash

21 Net income Cash dividends paid to stockholders Cash proceeds from sale of land $ 12,000 2900 3450 Cash proceeds from bank loan 7700 Cash payment (principal) on bank loan. 2000 Cash paid to purchase equipment 5800 The company would report net cash provided by (used in) investing activities of: O $(2350) $(1450) $7700 $12,000

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