Reference no: EM132316274

Question

Bridgeport Corporation had the following activities in 2017.

1. Sold land for $206,000.

2. Purchased an FV-NI investment in common shares for $14,500.3. Purchased inventory for $857,000 for cash.

4. Received $72,700 cash from bank borrowings.

5. Received interest for $12,600.

6. Purchased equipment for $491,000 in exchange for common shares.

7. Issued common shares for $359,000 cash.

8. Recorded an unrealized gain of $3,450 on investments accounted for using the fair value through net income (FV-NI) model.

9. Purchased investments in bonds, reported at amortized cost for $60,150.

10. Declared and paid a dividend of $18,000 (charged to retained earnings).

11. Investments in bonds reported at amortized cost, with a carrying amount of $407,200, were sold for $415,600.

12. Dividends of $4,600 were received on FV-NI investments.

What is net cash provided by investing activities