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XYZ Company had the following transactions during 2017: 1. Issued $45000 of par value common stock for cash. 2. Repaid a 6 year note payable
XYZ Company had the following transactions during 2017: 1. Issued $45000 of par value common stock for cash. 2. Repaid a 6 year note payable in the amount of $25000. 3. Acquired land by issuing common stock of par value $45000. 4. Declared and paid a cash dividend of $7000. 5. Sold a long-term investment (cost $3200) for cash of $6000. 6. Acquired an investment in IBM stock for cash of $9500. What is the net cash provided by financing activities? $13,000 $20.000 O $61.500 $0
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