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Question 28 of 33 - 71 View Policies Current Attempt in Progress Pharoah Companyhad the following transactions during 2017: 1. Issued $280000 of par value

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Question 28 of 33 - 71 View Policies Current Attempt in Progress Pharoah Companyhad the following transactions during 2017: 1. Issued $280000 of par value common stock for cash. 2. Recorded and paid wages expense of $134400. 3. Acquired land by issuing common stock of par value $112000. 4. Declared and paid a cash dividend of $22400. 5. Sold a long-term investment (cost $6720) for cash of $6720. 6. Recorded cash sales of $896000. 7. Bought inventory for cash of $358400. 8. Acquired an investment in Zynga stock for cash of $47040. 9. Converted bonds payable to common stock in the amount of $1120000. 10. Repaid a 6-year note payable in the amount of $492800. What is the net cash provided (used) by investing activities? O $967680. O ($152320). O ($40320). $474880

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