Use the following information for questions 19 and 20.
Lange Co. provided the following information on selected transactions during 2008:
Purchase of land by issuing bonds $250,000
Proceeds from issuing bonds 500,000
Purchases of inventory 950,000
Purchases of treasury stock 150,000
Loans made to affiliated corporations 350,000
Dividends paid to preferred stockholders 100,000
Proceeds from issuing preferred stock 400,000
Proceeds from sale of equipment 50,000
what the net cash provided (used) by investing activities during 2008 ?