Pace Tech Market had the following transactions during 2020:

1.Issued $50,000 of par value common stock for cash.

2.Repaid a 6 year note payable in the amount of $22,000.

3.Acquired land by issuing common stock of par value $100,000.

4.Declared and paid a cash dividend of $2,000.

5.Sold a long-term investment (cost $53,000) for cash of $82,000.

6.Acquired an investment in PwC stock for cash of $55,000.

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

a.$15,000

b.$33,000

c.$27,000

d.$8,000