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Net income $ 1 5 , 5 0 0 Cash dividends paid to stockholders 3 , 6 0 0 Cash proceeds from sale of land

Net income $ 15,500 Cash dividends paid to stockholders 3,600
Cash proceeds from sale of land 3,800 Cash proceeds from bank loan
9,800 Cash payment (principal) on bank loan 2,700 Cash paid to
purchase equipment 7,200 The company would report net cash provided
by (used in) investing activities of:Multiple Choice$(3,400).$(1,100).$9,800.$15,500.

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