The following information was taken from the accounting records of Oak Corporation for the year ended December 31: Proceeds from issuance of preferred stock $4,000,000 Dividends paid on preferred...

The following information was taken from the accounting records of Oak Corporation for the year ended

December 31:

Proceeds from issuance of preferred stock $4,000,000

Dividends paid on preferred stock 400,000

Bonds payable converted to common stock 2,000,000

Payment for purchase of machinery 500,000

Proceeds from sale of plant building 1,200,000

2% stock dividend on common stock 300,000

Gain on sale of plant building 200,000

The net cash flows from investing and financing activities that should be presented on Oak’s statement of

cash flows for the year ended December 31 are, respectively

a. $700,000 and $3,600,000.

b. $700,000 and $3,900,000.

c. $900,000 and $3,900,000.

d. $900,000 and $3,600,000.