Use the following information to answer questions 26 through 28 In 2015, LHW Corporation borrowed $150,000 from a bank, paid dividends of $20,000, issued 10,000 shares of $0.50 par value common stock for $15 per share, purchased land for $260,000 cash, received dividends of $45,000, recorded a loss on the disposal (Scrappedfor $0) of plant assets which had a net book value of $60,000. Additionally, Depreciation expense for the year was $10,000. Reported net income for the year was $450,000. How much should be reported as net cash provided (used) by operating activities (Indirect Method) How much should be reported as net cash provided (used) by investing activities? A) ($260,000) B) ($320,000) C) ($215,000) D) $305,000 E) $320,000

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