Reference no: EM132523219

Weimers Company provided the following information on selected transactions during 2008:

Dividends paid to preferred stockholders: $ 150,000

Loans made to affiliated corporations: 750,000

Proceeds from issuing bonds: 900,000

Proceeds from issuing preferred stock: 1,050,000

Proceeds from sale of equipment: 900,000

Purchases of inventories: 1,200,000

Purchase of land by issuing bonds: 300,000

Purchases of treasury stock: 1350,000

Question 1: The net cash provided (used) by financing activities during 2008 is

Option 1: $600,000.

Option 2: $450,000.

Option 3: $150,000.

Option 4: $(300,000).