Marion Manufacturing had the following cash flows for the current year. The company uses the direct method in preparing the statement of cash flows.

Cash receipts from issuance of stock	$ 60,000
Bonds payable issued at face value	250,000
Cash dividends received from long-term investments	4,500
Cash paid for wages	20,000
Cash paid for dividends	5,000
Cash received from customers	42,500
Cash paid for other operating expenses	19,500
Cash paid to purchase equipment	100,000

What is the net cash provided by (used in) investing activities?

Multiple Choice

• ($95,000)

• ($100,000)

• $205,000

• $210,000