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Question 2 Marigold Corp.had the following transactions during 2017: 1. Issued $355000 of par value common stock for cash. 2. Recorded and paid wages expense
Question 2 Marigold Corp.had the following transactions during 2017: 1. Issued $355000 of par value common stock for cash. 2. Recorded and paid wages expense of $170400. 3. Acquired land by issuing common stock of par value $142000. 4. Declared and paid a cash dividend of $28400. 5. Sold a long-term investment (cost $8520) for cash of $8520. 6. Recorded cash sales of $1136000. 7. Bought inventory for cash of $454400. 8. Acquired an investment in Zynga stock for cash of $5964o. 9. Converted bonds payable to common stock in the amount of $1420000. 10. Repaid a 6-year note payable in the amount of $624800 What is the net cash provided (used) by investing activitles? ($193120) $602080 O($51120) O$1226880
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