Question: Christopher Corp. is preparing its statement of cash flows using the indirect method. It provides the following information about transactions for the year:Plant assets, net

Christopher Corp. is preparing its statement of cash flows using the indirect method. It provides the following information about transactions for the year:Plant assets, net beginning balance: $108,000Plant assets, net ending balance: $144,000Equipment costing $62,400 was purchased for cashEquipment with a net asset value of $12,000 was sold for $16,800Depreciation Expense of $14,400 was recorded during the yearWhat was the amount of net cash provided by (used for) investing activities?

$(45,000)

$(60,000)

$(45,600)

$45,600

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