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The following information on selected cash transactions for 2021 has been provided by Crane Company: Proceeds from sale of land $311000 Proceeds from long-term borrowings
The following information on selected cash transactions for 2021 has been provided by Crane Company:
| Proceeds from sale of land | $311000 | |
| Proceeds from long-term borrowings | 606000 | |
| Purchases of plant assets | 212000 | |
| Purchases of inventories | 1015000 | |
| Proceeds from sale of Crane common stock | 368000 |
What is the cash provided (used) by investing activities for the year ended December 31, 2021, as a result of the above information?
|
| $99000. |
|
| $311000. |
|
| $1285000. |
|
| $394000. |
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