Use the following information for questions 22-23.
ecaHecaRoss Corp.'s transactions for calendar 2020 included the following:
1. Acquired 50% of Lennox Ltd.'s common shares for $ 90,000 cash.
2. Issued 5,000 preferred shares in exchange for land with a fair value of $ 160,000.
3. Issued 11% bonds, par value $ 200,000, due 2020, for $ 196,000 cash.
4. Purchased a patent for $ 110,000 cash.
5. Borrowed $ 90,000 from Bank A.
6. Paid $ 60,000 toward a bank loan with Bank B.
7. Sold long-term investments for $ 398,000.
-The cash provided by investing activities in 2020 was
A) $ 148,000.
B) $ 198,000.
C) $ 238,000.
D) $ 308,000.

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The Answer of Use the following information for questions 22-23.
ecaHecaRoss Corp.'s transactions for calendar 2020 included the following:
1. Acquired 50% of Lennox Ltd.'s common shares for $ 90,000 cash.
2. Issued 5,000 preferred shares in exchange for land with a fair value of $ 160,000.
3. Issued 11% bonds, par value $ 200,000, due 2020, for $ 196,000 cash.
4. Purchased a patent for $ 110,000 cash.
5. Borrowed $ 90,000 from Bank A.
6. Paid $ 60,000 toward a bank loan with Bank B.
7. Sold long-term investments for $ 398,000.
-The cash provided by investing activities in 2020 was
A) $ 148,000.
B) $ 198,000.
C) $ 238,000.
D) $ 308,000.

Use the Following Information for Questions 22-23