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Determine the net cash provided or used by investing activities for TYX Company that had a balance of $407,000 in the equipment account at the

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Determine the net cash provided or used by investing activities for TYX Company that had a balance of $407,000 in the equipment account at the beginning of the year and a balance of 568,000 at the end of the year. The company purchased equipment for $285,000 during the year and sold equipment with an accumulated depreciation of $49,000 at a loss of $46,000. If these were the only items impacting the investing activities section, determine the net cash provided or (used) by investing activities: 1) $164,000 2) $121,000 3) ($239,000) 4) ($256,000)

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