The following information was taken from the financial records of Crusoe Company for the year ended December 31, 2023:

Loss on the sale of equipment $ 14,200

Purchase of equipment for cash 147,000

Proceeds from the sale of equipment 128,000

Repayment of outstanding bonds 88,000

Purchase of treasury stock 63,000

Issuance of common stock 97,000

Purchase of land for cash 117,000

Increase in accounts receivable during the year 44,000

Decrease in accounts payable during the year 76,000

Payment of cash dividends 36,000

Use the information provided above to calculate the amount of net cash flows from investing activities that Crusoe will report in its Statement of Cash Flows for the year ended December 31, 2023.

Multiple Choice

$136,000 of net cash provided.

$256,000 of net cash used.

$136,000 of net cash used.

$121,800 of net cash used.

$224,000 of net cash provided.