QUESTION 29 Income statement and balance sheet data for Kay Matie Company (KMC) is shown below. Sales Revenue $250,000 Cost of Goods Sold 110,000 I Gross Profit 140,000 Operating Expenses: Salaries Expense $50,000 Depreciation Expense 20,000 Total Operating Expenses 70,000 Income Before Income Taxes 70,000 Income Tax Expense 10,000 Net Income $60,000 Cash $15,000 55,000 Accounts Receivable Merchandise Inventory Plant Assets Accumulated Depreciation Land $68,000 40,000 85,000 220,000 (40,000) 82,000 48,000 20,000 78,000 152,000 (20,000) 112,000 33,000 Accounts Payable Accrued Liabilities 26,000 16,000 25,000 Notes Payable (long-term) Common Stock 22,000 7,000 Retained Earnings 340,000 310,000 For 2019, there were no non-cash investing and financing activities. What were KMC's net cash flows provided by (used by) investing activities? OA. ($68,000) OB.($38,000) oc. $98,000 OD. $30,000