6 Garrett Company had the following activities for a recent year ended December 31: Sold land that cost $20,000 for $20,000 cash; purchased $181,000 of equipment, paying $156,000 in cash and signing a note payable for the rest; and recorded $5,500 in depreciation expense for the year. Net income for the year was $18,000. 10 points Compute (1) cash provided by operating activities and (2) cash used in investing activities for the year based on the data provided. (List cash outflows as negative amounts.) GARRETT COMPANY eBook Excerpts from Statement of Cash Flows For the Current Year Ended December 31 Cash flows from operating activities: Net income Print References 0 Add back: Depreciation expense Cash provided by operating activities Cash flows from investing activities: Sale of land Purchase of equipment Cash used in investing activities $ 0