Use the following information for question 23. Silas Co rp.'s transactions for the year ended December 31,2004 included the following: Acquired 50% of Gant Corp.'s common stock for $225,000 cash which was borrowed froma bank Issued 5,000 shares of its preferred stock for land having a fair value of $400,000. Issued 500 of its 1 1% debenture bonds, due 2009, for $400,000 cash. Purchased a patent for $275,000 cash Paid $150,000 toward a bank loan. Sold available-for-sale securities for $995,000 o . . Had a net increase in returnable customer deposits (long-term) of $110,000 23. Silas' net cash provided by investing activities for 2004 was a. $370,000. $495,000. $595,000. d. $770,000