Sunland Company had the following transactions during 2022: 1. Issued $240000 of par value common stock for cash. 2. Recorded and paid wages expense
Sunland Company had the following transactions during 2022: 1. Issued $240000 of par value common stock for cash. 2. Recorded and paid wages expense of $115200. 3. Acquired land by issuing common stock of par value $96000. 4. Declared and paid a cash dividend of $19200. 5. Sold a long-term investment (cost $5760) for cash of $5760. 6. Recorded cash sales of $768000. 7. Bought inventory for cash of $307200. 8. Acquired an investment in Zynga stock for cash of $40320. 9. Converted bonds payable to common stock in the amount of $960000. 10. Repaid a 6-year note payable in the amount of $422400. What is the net cash provided by operating activities? $460800. $345600. $585600. O $556800.
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