Racer Corporation's December 31, 2022 balance sheet showed the following: $500,000 26,000,000 6% preferred stock. $20 par value, cumulative, 40,000 shares authorized; 25,000 shares issued Common stock, $10 par value, 4,000,000 shares authorized; 2,600,000 shares issued, 2,560,000 shares outstanding Paid-in capital in excess of par value - preferred stock Paid-in capital in excess of par value - common stock Retained earnings Treasury stock (30,000 shares) 80,000 37,000,000 12,200,000 840,000 Racer declared and paid a $100,000 cash dividend on December 15, 2022. If the company's dividends in arrears prior to that date were $30,000, Racer's common stockholders received $60,000 $40,000 no dividend. $70,000 Zoum Corporation had the following transactions during year: 1. Issued $250,000 of par value common stock for cash. 2. Recorded and paid wages expense of $120,000. 3. Acquired land by issuing common stock of par value $100,000. 4. Declared and paid a cash dividend of $20,000. 5. Sold a long-term investment (cost $8,000) for cash of $6,000. 6. Recorded cash sales of $800,000. 7. Bought inventory for cash of $320,000. 8. Acquired an investment in Zynga stock for cash of $42,000. 9. Converted bonds payable to common stock in the amount of $1,000,000 10. Repaid a 6-year note payable in the amount of $440,000. What is the net cash provided by financing activities? $790,000. ($1,210,000) $230,000. ($210,000)