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Answer (C) is correct . Investing activities include buying and selling investments and property, plant, and equipment. However, entering into a capital lease is a noncash investing activity. The calculation is Sale of land and building $?450,000 Purchase of land (45,000) Purchase of equipment (120,000) Net cash provided? $ 285,000

Answer (A) is incorrect because The amount of $185,000 results from deducting the retirement of bonds, which is a financing activity.
Answer (B) is incorrect because The amount of $225,0000 results from deducting the purchase of common stock, which is a financing activity.
Answer (D) is incorrect because The amount of $351,000 results from adding in the issuance of preferred stock, which is a financing activity.