The following information on selected cash transactions for 2021 has been provided by

Mancuso Company:

Proceeds from sale of land $315,000

Proceeds from long-term borrowings 600,000

Purchases of plant assets 216,000

Purchases of inventories 1,020,000

Proceeds from sale of Mancuso common stock 360,000

What is the cash provided (used) by investing activities for the year ended December 31, 2021, as a result of the above information?

1,275,000

$384,000

$315,000

$99,000