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The following data are available for a company: Sale of land $225,000 Sale of equipment 130,000 Issuance of common stock 140,000 Purchase of equipment 70,000

The following data are available for a company:

Sale of land $225,000

Sale of equipment 130,000

Issuance of common stock 140,000

Purchase of equipment 70,000

Payment of cash dividends 120,000

Net cash provided by investing activities is

  1. $285,000.
  2. $260,000.
  3. $305,000.
  4. $425,000.

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