(Answered) Question - sunlands vegetable market had the following

Accounting

Question - Sunlands Vegetable Market had the following transactions during 2017:

1. Issued $53,000 of par value common stock for cash

2. Repaid a 6 year note payable in the amount of $16,000

3. Acquired land by issuing common stock of par value $53,000

4. Declared and paid a cash dividend of $7,200

5. Sold a long-term investment (cost $3,100) for cash of $6,000

6. Acquired an investment in IBM stock for cash of 9,700

What is the net cash provided by financing activities?

a. 37,000

b. 69,900

c. 0

d. 29,800

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