Selected information from Darwin Company's 1999 accounting records is as follows: Proceeds from issuance of common stock $1,200,000 Proceeds from issuance of bonds 3,600,000 Cash dividends on common stock paid 480,000 Cash dividends on preferred stock paid 180,000 Purchases of treasury stock 360,000 Sale of stock to officers & employees not included above 300,000 Darwin's statement of cash flows for the year ended December 31, 1999, would show net cash provided (used) by financing activities of a. $180,000 b. $(660,000) c. $480,000 d. $4,080,000