Transcribed image text: ABC, Inc. reported net income of $34,000 for the year ended December 31, 2016. Included in net income were depreciation expense of $8,400 and a gain on sale of equipment of $1,700. The equipment had an historical cost of $40,000 and accumulated depreciation of $24,000. During 2016, the following accounts have increased as follows: Patents by $4,500, Prepaid rent by $6,800, Non-trading investment by $1,000, and Bonds payable by $5,000. What is the amount of cash provided by or used by investing activities for ABC, Inc. for the year ended December 31, 2016? Select one: O a. ($3,800) O b. $17,200 O c. $5,400 O d. $12,200