Answer:
$996,800
Explanation:
Tamarisk, Inc. had the following transactions during 2022:
1. Issued $280000 of par value common stock for cash.
2. Recorded and paid wages expense of $134400.
3. Acquired land by issuing common stock of par value $112000.
4. Declared and paid a cash dividend of $22400.
5. Sold a long-term investment (cost $6720) for cash of $6720.
6. Recorded cash sales of $896000.
7. Bought inventory for cash of $358400.
8. Acquired an investment in Zynga stock for cash of $47040.
9. Converted bonds payable to common stock in the amount of $1120000. 10. Repaid a 6-year note payable in the amount of $492800.
The net cash provided by financing activities is
1. Issuance of stock for Cash .................$280,000
2. Issuance of stock for Land................. $112,000
3. Cash dividend of ....................................($22,400)
4. Issuance of common stock of ...........$1,120,000
5. Repayment of 6-year note payable ($492,800)
NET CASH .....................................................$996,800
