Question - Lange Co. provided the following information on selected transactions during 2004:

Purchase of land by issuing bonds $150,000

Proceeds from issuing bonds 300,000

Purhcases of inventory 570,000

Purchases of treasury stock 90,000

Loans made to other corporations 210,000

Dividends paid to preferred stockholders 60,000

Proceeds from issuing stock 240,000

Proceeds from sale of equipment 30,000

The net cash provided (used) by investing activities during 2004 is

a) $30,000

b) $(180,000)

c) $(330,000)

d) $(750,000)