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The following events occurred last year at Dorder Corporation: Purchase of plant and equipment $ 67,200 Sale of long-term investment $ 46,500 Dividends received on

The following events occurred last year at Dorder Corporation:

Purchase of plant and equipment $ 67,200
Sale of long-term investment $ 46,500
Dividends received on long-term investments $ 24,000
Paid off bonds payable $ 47,000
Depreciation expense $ 26,500

Based on the above information, the net cash provided by (used in) investing activities for the year on the statement of cash flows would be:

Multiple Choice

  • $(70,200)

  • $(26,500)

  • $(20,700)

  • $(47,000)

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