Karr Inc, reported net income of $300,000 for Year 2. Changes occurred in several balance sheet accounts as follows: - Equipment: $25,000 increase - Accumulated depreciation: $40,000 increase - Note Payable: $30,000 increase Additional information: - During Year 2, Karr sold equipment costing $25,000, with accumulated depreciation of $12,000 for a gain of $5,000. - December of Year 2, Karr purchased equipment costing $50,000 with $20,000 cash and a 12% note payable of $30,000. - Depreciation expense for the year was $52,000. In Karr's Year 2 statement of cash flows, net cash used in investing activities should be: $35,000 $22,000 $12,000 $2.000