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The following events occurred last year at Dorder Corporation Purchase of plant and equipment Sale of long-term investment Dividends received on long-term investments $45,000 $23,000

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The following events occurred last year at Dorder Corporation Purchase of plant and equipment Sale of long-term investment Dividends received on long-term investments $45,000 $23,000 $15,000 Paid off bonds payable $27,000 Depreciation expense $17.500 Based on the above information, the cash provided (used) by investing activities for the year on the statement of cash flows would net to o $(27,000) o $(17,500) $(51,500) O $(22,000)

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