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Hyasaki company provided the following information on selected transactions during the 2010: Purchase of land by issuing bonds $200,000 Proceeds from sale of equipment 300,000

Hyasaki company provided the following information on selected transactions during the 2010:

Purchase of land by issuing bonds $200,000

Proceeds from sale of equipment 300,000

Proceeds from issuing bonds 600,000

Purchase of inventories 800,000

Purchase of treasury stock 400,000

Loans made to affiliated companies 500,000

Dividends paid to preferred shareholders 100,000

Proceeds from issuing preferred stock 700,000

The net cash provided (used) by financing activities during 2010 is:

  1. $800,000
  2. $500,000
  3. $300,000
  4. $(1,100,000)

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