Marigold Corp. has recently decided to go public and has hired you as an independent CPA. One statement that the enterprise is anxious to have prepared is a statement of cash flows. Financial statements of Marigold Corp. for 2022 and 2021 are provided below. BALANCE SHEETS 12/31/22 Cash $407000 Accounts receivable 359000 Inventory 386000 Property, plant and equipment $607000 Less accumulated depreciation (318000) 289000 $1441000 12/31/21 $ 190000 215000 480000 $959000 (303000) 656000 $1541000 Accounts payable Income taxes payable Bonds payable Common stock Retained earnings $ 174000 353000 361000 204750 348250 $1441000 $ 97000 392000 599000 217000 236000 $1541000 INCOME STATEMENT For the Year Ended December 31, 2022 Sales revenue Cost of sales Gross profit Selling expenses $598000 Administrative expenses 191000 Income from operations Interest expense $8420000 7152000 1268000 789000 479000 72000 Income before taxes Income taxes Net income 407000 101750 $ 305250 The following additional data were provided: 1. Dividends for the year 2022 were $193000. 2. During the year, equipment was sold for $241000. This equipment cost $352000 originally and had a book value of $289000 at the time of sale. The loss on sale was incorrectly charged to cost of sales. 3. All depreciation expense is in the selling expense category. The net cash provided (used) by investing activities is O $241000. O $48000 O $(289000) O $(352000)