Arkansas Corp. is preparing its statement of cash flows using the indirect method. It provides the following information about transactions for the year:

Plant assets,netbeginning balance: $110,000

Plant assets, netending balance: $145,000

Equipment was purchased for $67,000 with cash.

Equipment with a net asset value of $12,000 was sold for $16,800.

Depreciation Expense of $17,000 was recorded during the year.

What was the amount of net cash provided by (used for) investing activities?

A.$(67,200)

B.$(50,200)

C.$50,200

D.$(34,800)