Assume that a company’s beginning and ending balances in its Property, Plant, and Equipment account are $5,000 and $6,000, respectively. Also assume that the company sold a piece of equipment that originally cost $700 and had accumulated depreciation of $450 for cash proceeds of $500. Based solely on the available information, what is the company’s net cash provided by (used in) investing activities?

a. $1,200

b. $1,500

c. $(1,200)

d. $(1,500)