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Waterfront, Inc. reports the following information for the current period: Paid annual cash dividend = $ 5 5 0 , 0 0 0 , On

Waterfront, Inc. reports the following information for the current period: Paid annual cash dividend =$550,000, On July 1, borrowed at 8% interest =$1,700,000, Purchase of
beachfront land, buildings =$1,400,000, Paid off loan on sold equipment =$130,000. Waterfront should report net cash provided or used by financing activities of
a.($952,000).
b. $1,020,000.
c.($2,420,000).
d. $1,088,000.
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