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The following events occurred last year at Dorder Corporation: Purchase of plant and equipment $35,000 Sale of long-term investment $16,000 Dividends received on long-term investments

The following events occurred last year at Dorder Corporation:

Purchase of plant and equipment $35,000
Sale of long-term investment $16,000
Dividends received on long-term investments $9,500
Paid off bonds payable $21,000
Depreciation expense $13,500

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

$(13,500)

$(21,000)

$(44,000)

$(19,000)

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