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The following information on selected cash transactions for 2021 has been provided by
Mancuso Company:
Proceeds from sale of land $315,000
Proceeds from long-term borrowings 600,000
Purchases of plant assets 216,000
Purchases of inventories 1,020,000
Proceeds from sale of Mancuso common stock 360,000
What is the cash provided (used) by investing activities for the year ended December 31, 2021, as a result of the above information?
1,275,000
$384,000
$315,000
$99,000
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