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Use the following to answer questions 20-21: Bubba Gump Company provided the following information on selected transactions during 2018: Dividends paid to preferred stockholders $

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Use the following to answer questions 20-21: Bubba Gump Company provided the following information on selected transactions during 2018: Dividends paid to preferred stockholders $ 510,000 Loans made to affiliated corporations 2,000,000 Proceeds from issuing bonds 1,650,000 Proceeds from issuing preferred stock 3,100,000 Proceeds from sale of equipment 1,100,000 Purchases of inventories 1,400,000 Purchase of land by issuing bonds 500,000 Purchases of treasury stock 1,400,000 Section 1 (1 pts) 21) The net cash provided (used) by financing activities during 2018 is $(3,300,000) $1,110,000. $2,840,000. $2,000,000 Comnany's (1 pts)

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