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Sheffield Corp. provided the following information on selected transactions during 2018: Purchase of land by Issuing bonds $1050000 Proceeds from issuing bonds 3080000 Purchases of

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Sheffield Corp. provided the following information on selected transactions during 2018: Purchase of land by Issuing bonds $1050000 Proceeds from issuing bonds 3080000 Purchases of inventory 3800000 Purchases of treasury stock 605000 Loans made to affiliated corporations 1380000 Dividends paid to preferred stockholders 400000 Proceeds from issuing preferred stock 1550000 Proceeds from sale of equipment 295000 The net cash provided by financing activities during 2018 is $4575000. $4200000. 0 $3225000. $3625000

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