Napier Co. provided the following information on selected transactions during 2011: Purchase of land by issuing bonds $250,000 Proceeds from issuing bonds 500,000 Purchases of inventory 950,000 Purchases of treasury stock 150,000 Loans made 350,000 Dividends paid to stockholders 100,000 Proceeds from issuing stock 400,000 Proceeds from sale of equipment 50,000 The net cash provided (used) by investing activities during 2011 is a. $50,000. b. $(300,000). c. $(550,000). d. $(1,250,000)