Reference no: EM132838161

Selected information from Justin Ltd.'s 2020 accounting records is as follows:

Proceeds from sale of land $ 300,000
Proceeds from long-term borrowings 400,000
Purchase of plant assets 280,000
Purchase of inventories 850,000
Proceeds from issuance of common shares 300,000

Problem 1: Based on the above information, the cash provided by investing activities for calendar 2020 is

Select one:

a. $400,000
b. $320,000
c. $200,000
d. $ 20,000