Use the following company information to calculate net cash provided or used by investing activities: (1) Equipment with a book value of $87,500 and an original cost of $150,000 was sold at a loss of $8,500. (2) Paid $31,000 cash for a new truck. (3) Sold land costing $16,000 for $18,000 cash, realizing a $2,000 gain. (4) Purchased treasury stock for $30,500 cash. (5) Long-term investments in stock are sold for $20,500 cash, realizing a gain of $1,750. A. $86,500 cash used in investing activities. B. $86,500 cash provided by investing activities. C. $56,000 cash used in investing activities. D. $56,000 cash provided by investing activities.