Watley Surf Shop provided the following information for the current year: Category Cost Proceeds from sale of equipment $120,000 Dividends paid to stockholders 16,000 Purchase of inventories on account 92,000 Borrowing a long-term loan 60,000 Loan principal payments made 14,000 Interest paid on loan payments 1,000 Purchase of land for cash 65,000 Payment for inventory previously acquired 85,000 on account Cash collected from customers 450,000 How much is the net cash provided/(used) by investing activities during the year? O $55,000 O $115,000 O $100,000 O $40,000