Question 23 Napier Co. provided the following information on selected transactions during 2020: Not yet answered Purchase of land by issuing bonds $500,000 Marked out of 2.00 1,000,000 Flag question Proceeds from issuing bonds Purchases of inventory 1,900,000 Purchases of treasury stock 300,000 Loans made to affiliated corporations 700,000 Dividends paid to preferred stockholders 200,000 Proceeds from issuing preferred stock 400,000 Proceeds from sale of equipment 100.000 The net cash provided by financing activities during 2020 is: o n $1,900,000. O b. $1,300,000. OC. $900,000. O d. $600,000