The following are data concerning cash received or paid from various transactions for Orange Peels Corporation.
|
Sale of land |
$100,000 |
|
Sale of equipment |
50,000 |
|
Issuance of common stock |
70,000 |
|
Purchase of equipment |
30,000 |
|
Payment of cash dividends |
60,000 |
Net cash provided by investing activities is:
(a) $120,000.
(b) $130,000.
(c) $150,000.
(d) $190,000.