12) MC Qu. 93 Stone Retail Corporations most ...

Stone Retail Corporation's most recent comparative Balance Sheet is as follows:

Assets	Ending	Beginning
Cash	$51,000	$64,000
Accounts receivable	83,000	41,000
Inventory	96,000	87,000
Property, plant, and equipment	120,000	120,000
Less accumulated depreciation	65,000	50,000
Total assets	$285,000	$262,000
Liabilities and Stockholders' Equity
Accounts payable	$12,000	$38,000
Income taxes payable	1,000	3,000
Bonds payable	30,000	5,000
Common stock	100,000	80,000
Retained earnings	142,000	136,000
Total liabilities and stockholders' equity	$285,000	$262,000

Stone's net income was $46,000. No equipment was sold or purchased. Cash dividends of $40,000 were declared and paid. Stone uses the indirect method to prepare its statement of cash flows. What is Stone's net cash provided by (used in) investing activities?

A)$25,000

B)$0

C)($15,000)

D)$45,000