QUESTION 17 Sierra Company provided the following information on selected transactions during 2021 Purchase of land by issuing bonds Proceeds from issuing bonds Purchases of inventory Purchases of treasury stock Loans made to affiliated corporations Dividends paid to preferred stockholders Proceeds from issuing preferred stock Proceeds from sale of equipment The net cash provided (used) by investing activities during 2021 is A $(1,100,000) B. 5(2,100,000) C. 5(300,000) D.5(4,500,000) $1,000,000 3,000,000 3,800,000 600,000 1,400,000 400,000 1,600,000 300,000 QUESTION 18 During 2021, Sierra Company, which uses the allowance method of accounting for doubtful accounts, recorded a provision for bad debt expense of $45,000 and in addition it wrote off, as uncollectible, accounts receivable of $10,000. As a result of these transactions, net cash flows from operating activities would be calculated indirect method) by adjusting net income with a A $10,000 increase B. $35,000 increase C. $45.000 increase D. $35,000 decrease