Assume the following excerpts from a companys balance sheet:

	Beginning Balance	Ending Balance
Property, plant, and equipment	$ 3,500,000	$ 3,750,000
Long-term investments	$ 950,000	$ 1,031,000

During the year, the company sold a piece of equipment for $200,000. The equipment originally cost $500,000 and had accumulated depreciation of $290,000. The company did not sell any long-term investments during the period. Based solely on the information provided, the companys net cash provided by (used in) investing activities would be:

Multiple Choice

$(631,000).

$169,000.

$(169,000).

$631,000.