Ranger Co. provided the following information on selected transactions during 2014:

Repayment of bond principal $450,000 Proceeds from issuing common stock 760,000 Purchases of inventory 940,000 Proceeds from the sale of treasury stock 120,000 Purchase of 10% interest in stock of Hanoi Corp. 320,000 Dividends paid to common & preferred stockholders 100,000 Proceeds from issuing preferred stock 150,000 Proceeds from sale of land 280,000

The net cash provided (used) by financing activities during 2014 is

$(260,000).

$580,000.

$150,000.

$480,000.