Fleming Company provided the following information on selected transactions during 2015: Dividends paid to preferred stockholders $ 250,000 Loans made to affiliated corporations 700,000 Proceeds from issuing bonds 800,000 Proceeds from issuing preferred stock 1,050,000 Proceeds from sale of equipment 400,000 Purchases of inventories 1,200,000 Purchase of land by issuing bonds 300,000 Purchases of treasury stock 600,000 The net cash provided (used) by investing activities during 2015 is: Select one:

a. $100,000. b. $400,000. c. $(600,000). d. $(300,000).