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Anna Maria Island Co. provided the following information on selected transactions during 2017: Purchase of land by issuing bonds $1,550,000 Proceeds from sale of land
Anna Maria Island Co. provided the following information on selected transactions during 2017:
Purchase of land by issuing bonds | $1,550,000 |
Proceeds from sale of land | 925,000 |
Proceeds from issuing bonds | 1,900,000 |
Purchases of inventory | 2,975,000 |
Purchases of treasury stock | 190,000 |
Loans made to affiliated corporations | 525,000 |
Dividends paid to preferred stockholders | 120,000 |
Proceeds from issuing preferred stock | 325,000 |
Proceeds from sale of equipment | 650,000 |
The net cash provided by financing activities during 2017 is
$2,040,000.
$2,465,000.
$1,725,000.
$1,915,000.
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