Cando Company uses the indirect method to prepare its statement of cash flows. Refer to the following information: (Click the icon to view the assets and liabilities.) Additional information provided: Equipment costing $70,000 was purchased for cash. Equipment with a net asset value of $28,000 was sold for $32,000. Amortization expense of $12,000 was recorded during the year. During 2020, the company repaid $25,000 of long-term notes payable. During 2020, the company borrowed $40,000 on a new note payable. What was the net amount of cash from investing activities? A. $38,000 negative B. $30,000 negative C. $52,000 negative D. $60,000 positive Assets and liabilities 2020 2019 Increase/decrease Cash $17,000 $12,000 $5,000 Accounts receivable 26,000 29,000 (3,000) Inventory 49,000 35,000 14,000 Proprty, Plant & Equipment (net) 110,000 80,000 30,000 Total assets $202,000 $156,000 $46,000 Accounts payable $7,000 $10,000 $(3,000) Accrued liabilities $5,000 $3,000 2,000 Long-term notes payable 75,000 60,000 15,000 Total liabilities $87,000 $73,000 $14,000