Hirshberg Corporation's comparative balance sheet appears below:

Comparative Balance Sheet
	Ending Balance			Beginning Balance
Assets:
Current assets:
Cash and cash equivalents	$	62,000		$	42,000
Accounts receivable		35,800			42,000
Inventory		78,200			72,000
Total current assets		176,000			156,000
Property, plant, and equipment		360,000			352,000
Less accumulated depreciation		206,000			174,000
Net property, plant, and equipment		154,000			178,000
Total assets	$	330,000		$	334,000
Liabilities and stockholders' equity:
Current liabilities:
Accounts payable	$	38,200		$	33,000
Accrued liabilities		82,900			72,000
Income taxes payable		66,200			62,000
Total current liabilities		187,300			167,000
Bonds payable		64,000			92,000
Total liabilities		251,300			259,000
Stockholders equity:
Common stock		49,800			53,000
Retained earnings		28,900			22,000
Total stockholders equity		78,700			75,000
Total liabilities and stockholders' equity	$	330,000		$	334,000

The company's net income for the year was $13,800 and its cash dividends were $6,900. It did not sell or retire any property, plant, and equipment during the year.

The company's net cash provided by (used in) investing activities is:v: 02_23_2016_QC_CS-43371

Multiple Choice

• $(24,000)

• $(8,000)

• $38,200

• $40,000