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Blue Company had the following transactions during 2008: 1. Issued $45,000 of par value common stock for cash. 2. Repaid a 6 year note payable

Blue Company had the following transactions during 2008: 1.

Issued $45,000 of par value common stock for cash.

2.

Repaid a 6 year note payable in the amount of $13,000.

3.

Acquired land by issuing common stock of par value $60,000.

4.

Declared and paid a cash dividend of $2,000.

5.

Sold a long-term investment (cost $3,000) for cash of $7,000.

6.

Acquired a long-term investment in stock for cash of $5,000.

What is the net cash provided by investing activities?

A)

$6,000

B)

$16,000

C)

($3,000)

D)

$2,000

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