Range Co. provided the following information on selected transactions:

Purchase of land by issuing bonds to the seller	$200
Proceeds from issuing bonds	$675
Purchases of treasury stock	$225
Purchase XYZ Company Bonds	$500
Dividends declared to preferred stockholders	$300
Proceeds from issuing preferred stock	$150
Proceeds from sale of equipment	$250

The net cash provided (used) by financing activities is:

Select one:

a. $1,200

b. $500

c. $1,000

d. $800

e. $600