Question
Sheridan Company provided the following information on selected transactions during 2021: Purchase of land by issuing bonds $1080000 Proceeds from issuing bonds 2910000 Purchases of
Sheridan Company provided the following information on selected transactions during 2021: Purchase of land by issuing bonds $1080000 Proceeds from issuing bonds 2910000 Purchases of inventory 3790000 Purchases of treasury stock 600000 Loans made to affiliated corporations 1370000 Dividends paid to preferred stockholders 410000 Proceeds from issuing preferred stock 1680000 Proceeds from sale of equipment 301000 The net cash provided (used) by investing activities during 2021 is $(1069000). $(2149000). $(4449000). $301000. Click if you would like to Show Work for this question: Open Show Work.
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