Reference no: EM132558717

Question - Vaughn Manufacturing had the following transactions during 2022:

1. Issued $317500 of par value common stock for cash.

2. Recorded and paid wages expense of $152400.

3. Acquired land by issuing common stock of par value $127000.

4. Declared and paid a cash dividend of $25400.

5. Sold a long-term investment (cost $7620) for cash of $7620.

6. Recorded cash sales of $1016000.

7. Bought inventory for cash of $406400.

8. Acquired an investment in Zynga stock for cash of $53340.

9. Converted bonds payable to common stock in the amount of $1270000.

10. Repaid a 6-year note payable in the amount of $558800.

Required - What is the net cash provided by investing activities?

a. $538480

b. $1097280.

c. ($172720).

d. ($45720).