Ray Inc. reported net cash provided by operating activities of $250,000 for 2021 . During 2021, Ray Inc. also reported the following: Purchased of land by issuing common shares of $62,500; sale of building resulted in a gain of $12,500; Decrease in building by $112,500; Increase in Accumulated depreciation - building by $11,250; Depreciation expense - Building \$33,750; Net Income \$200,000; Retained earnings increased by $150,000; Retirement of bonds payable $60,000; Common shares repurchased $82,500. Assume all dividends declared were paid in 2021. Ray Inc. follows ASPE. Calculate the net cash provided (used) by investing activities for 2021. a. $40,000 b. $35,000 C. $(152,500) d. $125,000 e. $102,500