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Stone Retail Corporation's most recent comparative Balance Sheet is as follows: Comparative Balance Sheet Ending Balance Beginning Balance Assets: Cash and cash equivalents $ 51,000

Stone Retail Corporation's most recent comparative Balance Sheet is as follows:

Comparative Balance Sheet
Ending Balance Beginning Balance
Assets:
Cash and cash equivalents $ 51,000 $ 64,000
Accounts receivable 83,000 41,000
Inventory 96,000 87,000
Property, plant, and equipment 120,000 120,000
Less accumulated depreciation 65,000 50,000
Total assets $ 285,000 $ 262,000
Liabilities and stockholders' equity:
Accounts payable $ 12,000 $ 38,000
Income taxes payable 1,000 3,000
Bonds payable 30,000 5,000
Common stock 100,000 80,000
Retained earnings 142,000 136,000
Total liabilities and stockholders' equity $ 285,000 $ 262,000

Stone's net income was $46,000. No equipment was sold or purchased. Cash dividends of $40,000 were declared and paid. Stone uses the indirect method to prepare its statement of cash flows.

What is Stone's net cash provided by (used in) investing activities?

A. $45,000

b. $25,000

c. (15,000)

d $0

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