The balance sheet data of Kohler Company at the end of 2018 and 2017 follow:

2018 2017

Cash $ 100,000 $ 140,000

Accounts receivable 300,000 220,000

Allowance for uncollectible (60,000) (40,000)

Inventory 280,000 180,000

Prepaid expenses 40,000 100,000

Buildings and equipment 360,000 300,000

Accumulated depreciationbuildings and equipment (72,000) (32,000)

Land 360,000 160,000

Totals $1,308,000 $1,028,000

Accounts payable $272,000 $220,000

Accrued expenses 48,000 72,000

Notes payablebank, long-term 160,000

Mortgage payable 120,000

Common stock, $10 par 836,000 636,000

Retained earnings (deficit) 32,000 (60,000)

$1,308,000 $1,028,000

Additional information:

1. Net income was $122,000.
2. Land was acquired for $200,000 in exchange for common stock, par $200,000, during the year.
3. All equipment purchased was for cash. Equipment costing $20,000 was sold for $8,000. book value of the equipment was $16,000 and the loss was reported in net income.
4. Cash dividends of $30,000 were charged to retained earnings and paid during the year.

3. What was the net cash provided by operating activities for 2018?

a. $94,000.

b. $122,000.

c. $102,000.

d. $86,000.

4. What was the net cash provided (used) by investing activities for 2018?

a. $52,000.

b. $(80,000).

c. $(272,000).

d. $(72,000).