Question: Connecticut, Inc. uses the indirect method to prepare its statement of cash flows. Refer to the following portion of the comparative balance sheet: Connecticut, Inc.

Connecticut, Inc. uses the indirect method to prepare its statement of cash flows. Refer to the following portion of the comparative balance sheet: Connecticut, Inc. Comparative Balance Sheet December 31, 2025 and 2024 Cash Accounts Receivable Merchandise Inventory Plant and Equipment Accumulated Depreciation - Plant and Equipment Total Assets OA. $(173,000) O B. $(18,000) OC. $18,000 O D. $173,000 2025 $28,000 31,000 52,000 2024 $19,000 35,000 25,000 128,000 95,000 (48,000) (44.000) $191,000 $130,000 of Increase/ (Decrease) Additional information provided by the company includes the following: 1. Equipment was purchased for $65,000 with cash. 2. Equipment with a cost of $32,000 and accumulated depreciation of $7,000 was sold for $47,000. What was the amount of net cash provided by (used for) investing activities? $9,000 (4,000) 27,000 33,000 (4.000) $61,000

Connecticut, Inc. uses the indirect method to prepare its statement of cash flows. Refer to the following portion of the comparative balance sheet: Connecticut, Inc. Comparative Balance Sheet December 31. 2025 and 2024 Additional information provided by the company includes the following: 1. Equipment was purchased for $65,000 with cash. 2. Equipment with a cost of $32,000 and accumulated depreciation of $7,000 was sold for $47,000. What was the amount of net cash provided by (used for) investing activities? A. $(173,000) B. $(18,000) C. $18,000 D. $173,000

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