Knowledge Check 01

The following events occurred last year at Nieto Company:

Depreciation expense	$	22,000
Dividends paid	$	11,200
Paid off bonds payable	$	45,000
Purchase of plant and equipment	$	60,000
Sale of long-term investment	$	40,500

Based on the above information, what is the net cash provided by (used in) financing activities?

• $(75,300)

• $(56,200)

• $(33,800)

• $45,000