M Industries provided the following information on selected transactions during 2018:

	Dividends paid to preferred stockholders		$ 499000
	Loans made to affiliated corporations		1360000
	Proceeds from issuing bonds		1610000
	Proceeds from issuing preferred stock		2100000
	Proceeds from sale of equipment		806000
	Purchases of inventories		2400000
	Purchase of land by issuing bonds		594000
	Purchases of treasury stock		1160000

The net cash provided (used) by investing activities during 2018 is

(1160000).

$(554000).

$212000.

$806000.