A review of Smith Inc.'s balance sheet shows that the balance in long-term investments increased $12,000 during the year while the balance in the equipment account increased $55,000. Additional information shows that the company sold for $5,000 cash some equipment with a cost of $15,000. What is the net cash used in investing activities for the prior year?

A) $77,000

B) $67,000

C) $72,000

A company shows sales of $100,000 during the year. The company's balance in accounts receivable decreased $6,000 during the year. How much cash was received from customers during the year?

A) $98,000

B)$100,000

C)$106,000