Jaguar Electronics had the following transactions during 2016:

1. Issued $50,000 of par value common stock for cash.
2. Repaid a 6 Year note payable in the amount of $22,000.
3. Acquired land by issuing common stock of par value $100,000.
4. declared and paid a cash dividend of $2,000.
5. Sold a long-term investment (cost $3,000) for cash of $8,000.
6. Acquired an investment in IBM stock for cash of $15,000.

What is the net cash provided (used) by investing activities?

a) $33,000

b) $15,000

c) ($7,000)

d) $8,000