he following events occurred last year at Dewhurst Company:

Purchase of plant and equipment	$45,000
Sale of long-term investment	$23,000
Dividends received on long-term investments	$ 15,000
Paid off bonds payable	$27,000
Depreciation expense	$ 17,500

Based on the above information, the cash provided (used) by investing activities for the year on the statement of cash flows would net to:

$(51,500)

$(27,000)

$(22,000)

$(17,500)