Hirshberg Corporation's comparative balance sheet appears below:

Comparative Balance Sheet
	Ending Balance			Beginning Balance
Assets:
Current assets:
Cash and cash equivalents	$	58,000		$	38,000
Accounts receivable		32,200			38,000
Inventory		73,800			68,000
Total current assets		164,000			144,000
Property, plant, and equipment		376,000			348,000
Less accumulated depreciation		198,000			166,000
Net property, plant, and equipment		178,000			182,000
Total assets	$	342,000		$	326,000
Liabilities and stockholders' equity:
Current liabilities:
Accounts payable	$	33,800		$	29,000
Accrued liabilities		80,600			68,000
Income taxes payable		61,800			58,000
Total current liabilities		176,200			155,000
Bonds payable		60,000			88,000
Total liabilities		236,200			243,000
Stockholders equity:
Common stock		46,300			49,000
Retained earnings		59,500			34,000
Total stockholders equity		105,800			83,000
Total liabilities and stockholders' equity	$	342,000		$	326,000

The company's net income for the year was $32,000 and its cash dividends were $6,500. 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:

Multiple Choice

• $(28,000)

• $60,000

• $(4,000)

• $37,800