Jost's Co. had the following transactions during 2019:

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?

Select one:

A.$15,000

B.$33,000

C.($7,000)

D.$8,000

E.None of the above.