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Swifty's Vegetable Market had the following transactions during 2016: 1. Issued $45000 of par value common stock for cash. 2. Repaid a 6 year note
Swifty's Vegetable Market had the following transactions during 2016: 1. Issued $45000 of par value common stock for cash. 2. Repaid a 6 year note payable in the amount of $22400. 3. Acquired land by issuing common stock of par value $95000. 4. Declared and paid a cash dividend of $1800. 5. Sold a long-term investment (cost $3000) for cash of $7600. 6. Acquired an investment in IBM stock for cash of $14800. What is the net cash provided (used) by investing activities? O $27400 S7600 $14800 (57200)
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