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The following information related to Maeve Inc. at 12/31/2020: Income Statement Year ended 12/31/2020 Sales $ 105,000 Cost of goods sold (40,000) Depreciation expense (5,000)
The following information related to Maeve Inc. at 12/31/2020: Income Statement Year ended 12/31/2020 Sales $ 105,000 Cost of goods sold (40,000) Depreciation expense (5,000) Salaries expense (11,000) Gain on sale of equipment 1,500 Net Income $ 50,500 Partial Balance Sheet 12/31/2020 12/31/2019 Change Long-term investments 10,000 2,000 8,000 Equipment 17,500 13,000 4,500 Accumulated depreciation (12,000) (9,000) 3,000 Additional Information: The company paid cash to purchase the long-term investments during 2020. The company purchased equipment costing $9,000 with cash during 2020. The company also sold equipment during 2020. Using all of the information provided above, what was the total "cash provided by, or used by, investing activities for 2020
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