Listed below are some of the transactions of Carpenter Corporation during the current year:

1. On January 1, equipment costing $19,027 with accumulated depreciation of $7,713 was sold for $7,407.
2. On March 1, investments costing $28,594 were sold for $32,724. $29,681 of the cash received was used to purchase other investments.
3. On June 1, bonds were issued totaling $66,986.
4. On September 1, 932 shares of common stock were issued at par value of $20 per share.
5. On December 31, dividends totaling $8,423 were declared and paid.

What is the effect of these transactions on the net cash provided (used) by investing activities?