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Sheffield Corp. had the following transactions during 2017: Sheffield Corp. had the following transactions during 2017: 1. Issued $287500 of par value common stock for

Sheffield Corp. had the following transactions during 2017:

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Sheffield Corp. had the following transactions during 2017: 1. Issued $287500 of par value common stock for cash. 2. Recorded and paid wages expense of $138000. 3. Acquired land by issuing common stock of par value $115000. 4. Declared and paid a cash dividend of $23000. 5. Sold a long-term investment (cost $6900) for cash of $6900. 6. Recorded cash sales of $920000. 7. Bought inventory for cash of $368000. 8. Acquired an investment in Zynga stock for cash of $48300. 9. Converted bonds payable to common stock in the amount of $1150000. 10. Repaid a 6-year note payable in the amount of $506000. What is the net cash provided by financing activities? $(241500). O $264500. O $908500. O $1391500. O

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