Range Co. provided the following information on selected transactions:

Purchase of land by issuing bonds to the seller	$200
Proceeds from issuing bonds	$675
Purchases of treasury stock	$225
Purchase XYZ Company Bonds	$500
Dividends declared to preferred stockholders	$300
Proceeds from issuing preferred stock	$150
Proceeds from sale of equipment	$250

The net cash provided (used) by financing activities is:

a.$1,200

b.$500

c.$1,000

d.$800

e.$600