A company had the following transactions during 2020: Issued $50,000 of par value common stock for cash. Repaid a 6-year note payable in the amount of $22,000. Acquired land by issuing common stock of par value $50,000. Declared and paid a cash dividend of $7,000. Sold a long-term investment (cost $3,000) for cash of $6,000. Acquired an investment in IBM stock for cash of $10,000.

What is the net cash provided by financing activities?

1. $21,000
2. $67,000
3. $28,000
4. $0