Red, Incorporated had the following activities during year 8: . Acquired a bond investment for $640,000, 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 Red intends to hold for trading. Collected $12,500 from long-term note receivable of which $2,500 is interest. In Red's year 8 statement of cash flows, net cash used in investing activities should be Multiple Choice $23,500 $26,000 $28,000 $34,500