Use the Following Information for Questions 83 and 84 -The Net Cash Provided (Used) by Investing Activities During 2015

Use the following information for questions 83 and 84.
Napier Co. provided the following information on selected transactions during 2015: $$\begin{array} { l r } \text { Purchase of land by issuing bonds } & \$ 500,000 \\\text { Proceeds from issuing bonds } & 1,500,000 \\\text { Purchases of inventory } & 1,900,000 \\\text { Purchases of treasury stock } & 300,000 \\\text { Loans made to affiliated corporations } & 700,000 \\\text { Dividends paid to preferred stockholders } & 200,000 \\\text { Proceeds from issuing preferred stock } & 800,000 \\\text { Proceeds from sale of equipment } & 150,000\end{array}$$
-The net cash provided (used) by investing activities during 2015 is

A) $150,000.
B) $(550,000) .
C) $(1,050,000) .
D) $(2,250,000) .