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Calc, Inc. had the following activities during 2015: Acquired 2,000 shares of stock in Carabil, Inc. for $25,000. Calc intends to hold the stock as
Calc, Inc. had the following activities during 2015: Acquired 2,000 shares of stock in Carabil, Inc. for $25,000. Calc intends to hold the stock as a long-term investment. Sold an investment in Galent Auto for $34,000 when the carrying value was $32,000. Acquired a $50,000, four-year certificate of deposit from a bank. (During the year, interest of $3,375 was paid to Calc.) Collected dividends of $1,200 on stock investments. Required: In Calc's year 1 statement of cash flows, what is net cash used in investing activities?
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