Question 70 (2 points) . Zoum Corporation had the following transactions during 2022: Issued $250,000 of par value common stock for cash. Recorded and paid wages expense of $120,000. Acquired land by issuing common stock of par value $100,000. * Declared and paid a cash dividend of $20,000. * Sold a long-term investment (cost $6,000) for cash of $6,000. Recorded cash sales of $800,000. Bought inventory for cash of $320,000. Acquired an investment in Zynga stock for cash of $42,000. * Converted bonds payable to common stock in the amount of $1,000,000. * Repaid a 6-year note payable in the amount of $440,000. What is the net cash provided by operating activities? 1) $610,000 2) $580,000 3) $480.000