Calvin Company provided the following information during 2017:

Purchase of land by issuing bonds	$ 550,000
Proceeds from issuing long-term debt	300,000
Dividends paid to shareholders	120,000
Proceeds from issuing stock	300,000
Proceeds from sale of building	360,000
Purchases of inventories	800,000
Purchase of treasury stock	430,000

How much is ‘net cash provided by financing activities’ during 2017?

1. $(500,000)
2. $550,000
3. $50,000
4. $600,000