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Sunland Companyhad the following transactions during 2017: 1. Issued $250000 of par value common stock for cash. 2. Recorded and paid wages expense of $120000.

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Sunland Companyhad the following transactions during 2017: 1. Issued $250000 of par value common stock for cash. 2. Recorded and paid wages expense of $120000. 3. Acquired land by issuing common stock of par value $100000. 4. Declared and paid a cash dividend of $20000. 5. Sold a long-term investment (cost $6000) for cash of $6000. 6. Recorded cash sales of $800000. 7. Bought inventory for cash of $320000. 8. Acquired an investment in Zynga stock for cash of $42000. 9. Converted bonds payable to common stock in the amount of $1000000. 10. Repaid a 6-year note payable in the amount of $440000. What is the net cash provided (used) by investing activities? $864000. $424000 O ($36000). ($136000)

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