Zoum Corporation had the following transactions during 2017:

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

2. Recorded and paid wages expense of $120,000.

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

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

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

6. Recorded cash sales of $800,000.

7. Bought inventory for cash of $320,000.

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

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

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

What is the net cash provided by investing

activities?

Question 16 options:

	$864,000
	$424,000
	($36,000)
	($136,000)