ManningTint, Inc. uses the indirect method to prepare its statement of cash flows. Refer to the following portion of the comparative balancesheet:

ManningTint, Inc.

Comparative Balance Sheet

December31, 2017 and 2016

2016

2015

Increase/(Decrease)

Cash

$28,000

$25,000

$3,000

Accounts Receivable

34,000

36,000

(2,000)

Merchandise Inventory

53,000

26,000

27,000

Plant and Equipment

126,000

94,000

32,000

Accumulated

DepreciationminusPlant

and Equipment

(45,000)

(44,000)

(1,000)

Total Assets

$196,000

$137,000

$59,000

Additional information provided by the company includes thefollowing:

1. Equipment was purchased for$68,000.

2. Equipment with a cost of$36,000 and accumulated depreciation of$7,400 was sold for$50,000.

What was the amount of net cash provided by(used for) investingactivities?

A.

$18,000

B.

$177,000

C.

$(177,000)

D.

$(18,000