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Kingbird, Inc.had the following transactions during 2022: 1. Issued $340000of par value common stock for cash. 2. Recorded and paid wages expense of $163200. 3.

Kingbird, Inc.had the following transactions during 2022:

1. Issued $340000of par value common stock for cash.

2. Recorded and paid wages expense of $163200.

3. Acquired land by issuing common stock of par value $136000.

4. Declared and paid a cash dividend of $27200.

5. Sold a long-term investment (cost $8160) for cash of $8160.

6. Recorded cash sales of $1088000.

7. Bought inventory for cash of $435200.

8. Acquired an investment in Zynga stock for cash of $57120.

9. Converted bonds payable to common stock in the amount of $1360000.

10. Repaid a 6-year note payable in the amount of $598400.

What is the net cash provided by investing activities?

($184960).

$1175040.

($48960).

$576640

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