Spackel Corporation recorded the following events last year:??Issuance of shares of the company's own common stock$380,000Purchase of long-term investment$40,000Dividends paid to the company's own shareholders$18,000Cash paid to suppliers for inventory purchases$12,000Repayment of principal on the company's own bonds$370,000Interest paid to lenders$6,000Collection by Spackel of a loan made to another company$110,000Purchase of equipment$350,000On the statement of cash flows, some of these events are classified as operating activities, some are classified as investing activities, and some are classified as financing activities.Based solely on the information above, the net cash provided by (used in) investing activities on the statement of cash flows would be:
A. $(390,000)
B. $(1,286,000)
C. $(280,000)
D. $(760,000)
Answer: C
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