Use the Following Information for Questions 12-13 -The Cash Provided by Financing Activities During 2020 Is
A)

Use the following information for questions 12-13.
Fables Corp. provided the following information for calendar 2020: Fables adheres to ASPE. $\begin{array}{llr} \text {Proceeds from issuing bonds } &\$300,000\\ \text { Purchase of inventories. } &570,000\\ \text { Purchase of treasury shares} &90,000\\ \text { Purchase of long-term investment } &420,000\\ \text { Dividends paid to preferred shareholders } &60,000\\ \text { Proceeds from issuing preferred shares } &240,000\\ \text {Proceeds from sale of equipment } &60,000\\\end{array}$

-The cash provided by financing activities during 2020 is

A) $ 540,000.
B) $ 480,000.
C) $ 390,000.
D) $ 330,000.