Question 18 El Dorado Corp. had the following transactions during 2017: 1. Issued $195000 of par value common stock for cash. 2. Recorded and paid wages expense of $93600. 3. Acquired land by issuing common stock of par value $78000. 4. Declared and paid a cash dividend of $15600. 5. Sold a long-term investment (cost $4680) for cash of $4680. 6. Recorded cash sales of $624000. 7. Bought inventory for cash of $249600. 8. Acquired an investment in Zynga stock for cash of $32760. 9. Converted bonds payable to common stock in the amount of $780000. 10. Repaid a 6-year note payable in the amount of $343200. What is the net cash provided by operating activities? $374400 $475800 $452400 $280800