The following information on selected transactions for the year has been provided by Baker Company: Proceeds from issuing bonds 500,000 Purchases of treasury stock 150,000 Loans made to customers (notes receivable) 350,000 Dividends paid to preferred stockholders 100,000 Proceeds from issuing preferred stock 400,000 Proceeds from sale of equipment 50,000 Baker's statement of cash flows for the year would show net cash provided (used) by financing activities of: a. $550,000 b. $650,000 c. $800,000 d. $900,000
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