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XYZ Corp. had the following transactions during 2025: 1. Issued $250000 of par value common stock for cash. 2. Recorded and paid salaries and wages

image text in transcribed XYZ Corp. had the following transactions during 2025: 1. Issued $250000 of par value common stock for cash. 2. Recorded and paid salaries and wages expense of $119500. 3. Acquired land by issuing common stock valued at $100000. 4. Declared and paid a cash dividend of $23500. 5. Sold land(cost $6000) for cash of $6000. 6. Recorded cash sales of $840000. 7. Bought inventory for cash of $300000. 8. Acquired equipment for cash of $41800. 9. Converted bonds payable to common stock in the amount of $1000000. 10. Repaid a 6-year note payable in the amount of $453000. What is the net cash provided (used) by investing activities? $411200 ($35800) $864200 ($135800)

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