Question
Wildhorse Co.had the following transactions during 2022: 1. Issued $295000of par value common stock for cash. 2. Recorded and paid wages expense of $141600. 3.
Wildhorse Co.had the following transactions during 2022:
1. Issued $295000of par value common stock for cash.
2. Recorded and paid wages expense of $141600.
3. Acquired land by issuing common stock of par value $118000.
4. Declared and paid a cash dividend of $23600.
5. Sold a long-term investment (cost $7080) for cash of $7080.
6. Recorded cash sales of $944000.
7. Bought inventory for cash of $377600.
8. Acquired an investment in Zynga stock for cash of $49560.
9. Converted bonds payable to common stock in the amount of $1180000.
10. Repaid a 6-year note payable in the amount of $519200.
What is the net cash provided by financing activities?
$932200.
$(247800).
$271400.
$1427800.
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