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Listed below are some of the transactions of Carpenter Corporation during the current year:
- On January 1, equipment costing $21,293 with accumulated depreciation of $8,499 was sold for $8,681.
- On March 1, investments costing $28,496 were sold for $32,082. $29,992 of the cash received was used to purchase other investments.
- On June 1, bonds were issued totaling $70,547.
- On September 1, 1,023 shares of common stock were issued at par value of $18 per share.
- On December 31, dividends totaling $9,822 were declared and paid.
What is the effect of these transactions on the net cash provided (used) by financing activities?
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