Use the following information to answer this question: Ross Corp.'s transactions for calendar 2017 included the following: 1. Acquired 50% of Lennox Ltd.'s common shares for $90,000 cash. 2. Issued 5,000 preferred shares in exchange for land with a fair value of $160,000. 3. Issued 11% bonds, par value $200,000, due 2020, for $196,000 cash. 4. Purchased a patent for $110,000 cash. 5. Borrowed $90,000 from Bank A. 6. Paid $60,000 toward a bank loan with Bank B. 7. Sold long-term investments for $398,000. The cash provided by investing activities in 2017 was

2 points

$148,000.

$198,000.

$238,000.

$308,000.