The following information is from the noncurrent asset portion of Raggetti Company's balance sheet. Property, plant, and equipment Accumulated depreciation Long-term investments Dec. 31, 2020 Dec. 31, 2019 $900,000 $750,000 (417,000) (327,000) 189,000 90,000 The following activities occurred during 2020: Sold equipment with an original cost of $120,000 and a book value of $24,000 for $21,000 cash. Depreciation expense for the year totaled $186,000. Purchased property for $270,000 cash. Purchased long-term investments for $99,000 cash. What is the amount of cash used by investing activities? O $534,000 O None of the answer choices is correct. O $348,000 O $249,000