Use the following information to calculate the net cash provided or used by financing activities for the Brooks Corporation: ____________________________

Net Income $ 10,000 Issuance of common stock for cash 4,000 Purchased equipment 12,000 Proceeds from issuing bonds 800,000 Proceeds from issuing preferred stock 1,050,000 Proceeds from sale of equipment 450,000 Purchases of inventories 1,200,000 Purchase of land by issuing bonds 300,000 Purchase of Treasury Stock 600,000 Dividends paid to preferred stockholders 150,000

Multiple Choice

$1,404,000

$804,000

$2,304,000

None of the above