Show me the steps to solve ; Peach Corp. is preparing its statement of cash flows using the indirect method. It provides the following information about transactions for the year:

Plant assets, net beginning balance: $$111,000$

Plant assets, net ending balance: $$146,000$

Equipment was purchased for $$64,000$ with cash.

Equipment with a net asset value of $$12,000$ was sold for $$20,000.$

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

What was the amount of net cash used by investing activities?

Please format this fill in the blank question answer as follows with no decimals or spaces. Please make sure to follow the correct dollar sign, comma, and spacing requirements:

$X

$XX

$XXX

$X$,$XXX

$XX$,$XXX

$XXX$,$XXX

$X$,$XXX$,$XXX

So for example, if the answer is $34520,$ you need to format it correctly as $$$$34,520.$ Failure to follow this format will result in an incorrect answer.