Use the Following Information for Questions 98 and 99 -The Net Cash Provided (Used) by Investing Activities During 2015

Multiple Choice

Use the following information for questions 98 and 99.
Fleming Company provided the following information on selected transactions during 2015: $\begin{array}{lr}\text { Dividends paid to preferred stockholders } & 250,000 \\\text { Loans made to affiliated corporations } & 700,000 \\\text { Proceeds from issuing bonds } & 800,000 \\\text { Proceeds from issuing preferred stock } & 1,050,000\\\text { Proceeds from sale of equipment } & 400,000 \\\text { Purchases of inventories } & 1,200,000 \\\text { Purchase of land by issuing bonds } & 300,000 \\\text { Purchases of treasury stock } & 600,000\end{array}$
-The net cash provided (used) by investing activities during 2015 is

A) $(600,000) .
B) $(300,000) .
C) $100,000.
D) $400,000.