In Angel Company, the Land account decreased $90,000 as a result of a cash sale for $100,000 and recognized a gain on the sale of $10,000. The Equipment account increased $20,000 as a result of a cash purchase. Angel Company also purchased a truck for $25,000 by issuing a five-year note. Bonds payable increased from an issuance of bonds for cash for $50,000. The net cash provided by investing activities is

$70,000.

$80,000.

$55,000.

$105,000.

Sunland, Inc. has 26300 shares of 6%, $100 par value, noncumulative preferred stock and 49200 shares of $1 par value common stock outstanding at December 31, 2018. There were no dividends declared in 2017. The board of directors declares and pays a $247000 dividend in 2018. What is the amount of dividends received by the common stockholders in 2018?

$0

$157800

$247000

$89200

The net income reported on the income statement for the current year was $248000. Depreciation was $40200. Account receivable and inventories decreased by $12300 and $34900, respectively. Prepaid expenses and accounts payable increased, respectively, by $1000 and $8300. How much cash was provided by operating activities?

$299500

$342700

$326100

$313800