Fables Corp. provided the following information for calendar 2020: Fables adheres to ASPE.

	Proceeds from issuing bonds...........................		$300,000
	Purchase of inventories...................................		570,000
	Purchase of treasury shares...........................		90,000
	Purchase of long-term investment..................		420,000
	Dividends paid to preferred shareholders......		60,000
	Proceeds from issuing preferred shares.........		240,000
	Proceeds from sale of equipment...................		60,000

Dividends paid to preferred shareholders were charged directly to retained earnings. The cash provided by financing activities during 2020 is

$390,000.

$480,000.

$540,000.

$330,000.