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For the year ended December 31, Year 1, Fields Company made cash payments of $64,000 for dividends, paid interest of $32,800, paid $42,000 cash to

For the year ended December 31, Year 1, Fields Company made cash payments of $64,000 for dividends, paid interest of $32,800, paid $42,000 cash to suppliers, and purchased equipment for $80,000 cash. What is the net cash used by investing activities for Year 1?

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