QUESTION $7$

Arkansas Corp. is preparing its statement of cash flows using the indirec method. It provides the following information about transactions for the year: Equipment was purchased for $$65,000$ with cash.

Equipment with a net asset value of $$12,000$ was sold for $$18,000.$

Depreciation Expense of $$16,000$ was recorded during the year.

What was the amount of net cash provided by $($used for$)$ investing$\_$activities? $$(39,000)$

$$47,000$

$$(63,000)$

$$(47,000)$

$2$ points