23) Orange Company provided the following information on selected transactions during 2020:

Dividends paid to preferred stockholders $ 420,000

Proceeds from issuing bonds 1,600,000

Proceeds from sale of equipment 80,000

Purchases of land 2,400,000

Purchase of land by issuing bonds 520,000

The net cash provided (used) by investing activities during 2021 is ________

24) Tax expense and tax payable will always be equal because debits must equal to credits. (answer True or False)