Bonita Industries provided the following information on selected transactions during 2021:

	Dividends paid to preferred stockholders		$ 497000
	Loans made to affiliated corporations		1390000
	Proceeds from issuing bonds		1570000
	Proceeds from issuing preferred stock		2080000
	Proceeds from sale of equipment		809000
	Purchases of inventories		2430000
	Purchase of land by issuing bonds		591000
	Purchases of treasury stock		1180000

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

a. (1180000)

b. 218000

c. 809000

d. (581000)