Question
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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