The following information is from the noncurrent asset portion of Randle Companys balance sheet. December 31 2013 2012 Property, plant, and equipment $140,000 $125,000 Accumulated depreciation (69,500) (57,000) Long-term investments 27,000 15,000 The following activities occurred during 2013:

Sold equipment with an original cost of $8,000 and a book value of $2,500 for $2,000 cash.

Depreciation expense for the year totaled $18,000.

Purchased property for $23,000 cash.

Purchased long-term investments for $12,000 cash.

What is the amount of cash used by investing activities?

$27,000

$51,000

$33,000

$14,500

None of the answer choices is correct.