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Listed below are some of the transactions of Carpenter Corporation during the current year: On January 1, equipment costing $18,731 with accumulated depreciation of $7,630
Listed below are some of the transactions of Carpenter Corporation during the current year:
- On January 1, equipment costing $18,731 with accumulated depreciation of $7,630 was sold for $7,529.
- On March 1, investments costing $23,052 were sold for $33,018. $29,607 of the cash received was used to purchase other investments.
- On June 1, bonds were issued totaling $74,627.
- On September 1, 1,096 shares of common stock were issued at par value of $18 per share.
- On December 31, dividends totaling $9,088 were declared and paid.
What is the effect of these transactions on the net cash provided (used) by financing activities?
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