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Christopher Corp. is preparing its statement of cash flows using the indirect method.It provides the following information about transactions for the year: Plant assets, net

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

Plant assets, net - beginning balance: $108,000

Plant assets, net - ending balance: $144,000

Equipment costing $62,400 was purchased for cash

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

Depreciation Expense of $14,400 was recorded during the year

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

  • $(60,000)
  • $45,600
  • $(45,000)
  • $(45,600)

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