Jestion 7 St yet swered ABC, Inc. reported net income of $34,000 for the year ended December 31, 2016. Included in net income were depreciation expense of $8.400 and a gain on sale of equipment of $1.700. The equipment had an historical cost of $40,000 and accumulated depreciation of $24,000. During 2016, the following accounts have increased as follows: Patents by $4,500, Prepaid rent by $6,800, Non-trading investment by $1,000, and Bonds payable by $5,000. What is the amount of cash provided by or used by investing activities for ABC, Inc. for the year ended December 31, 20162 arked out of 30 Flag question Select one: O a. 55,400 b. 517,200 @c. $12.200 d. (53,800)