COTB MC Qu. 15-77 (Algo) Assume the following excerpts from...

Assume the following excerpts from a companys balance sheet:

	Beginning Balance				Ending Balance
Property, plant, and equipment	$	3,750,000			$	3,500,000
Long-term investments	$	950,000			$	1,091,000

During the year, the company purchased property, plant, and equipment for $130,000 in cash. It sold equipment that had accumulated depreciation of $150,000 for a loss of $20,000. 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

• $(61,000).

• $61,000.

• $21,000.

• $(21,000).