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Red Inc. had the following activities during Year 4: - Acquired a bond investment for $60,000, which Red intends to hold to maturity. - Sold

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Red Inc. had the following activities during Year 4: - Acquired a bond investment for $60,000, which Red intends to hold to maturity. - Sold equipment for $24,000 when the carrying value was $22,000. - Acquired a debt security for $8,500 which is held as a trading security. - Collected $12,500 from long-term note receivable of which $2,500 is interest. In Red's Year 4 statement of cash flows, net cash used in investing activities should be: $26,000$23,500$28,000$34,500

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