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Zoom Corporation had the following transactions during 2017: Issued $250,000 of par value common stock for cash. Declared and paid a cash dividend of $20,000.

Zoom Corporation had the following transactions during 2017:

Issued $250,000 of par value common stock for cash.

Declared and paid a cash dividend of $20,000.

Repaid a 6-year note payable in the amount of $440,000 cash.

Recorded cash sales of $800,000.

Recorded and paid wages expense of $120,000.

Bought inventory for cash of $320,000.

Acquired land by issuing common stock of par value $100,000.

Sold a long-term investment (cost $6,000) for cash of $6,000.

Acquired an investment in Zynga stock for cash of $42,000.

Converted bonds payable to common stock in the amount of $1,000,000.

What is the net cash provided (used) by financing activities?

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