Background information:

Net income $52000

Cash recieved from ussing stock $74000

Cash recieved from sale of plant assets $35000

Increase in income taxes payable $124000

Loss on sale of plant assets $22000

The cash provided (used) by investing and financing activities is best described as _____.

cash provided by investing activities of $35,000 and cash provided by financing activities of $52,000

cash used by investing activities of $13,000 and cash used by financing activities of $74,000

cash provided by investing activities of $35,000 and cash provided by financing activities of $74,000

cash provided by investing activities of $13,000 and cash provided by financing activities of $74,000

cash used by investing activities of $35,000 and cash used by financing activities of $52,000