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

Connecticut, Inc.

Comparative Balance Sheet

December31, 2019 and 2018

2019

2018

Increase/

(Decrease)

Cash

$20,000

$25,000

$(5,000)

Accounts Receivable

33,000

36,000

(3,000)

Merchandise Inventory

57,000

26,000

31,000

Plant and Equipment

130,000

94,000

36,000

Accumulated DepreciationPlant and Equipment

(45,000)

(41,000)

(4,000)

Total Assets

$195,000

$140,000

$55,000

Additional information provided by the company includes thefollowing:

1. Equipment was purchased for $68,000 with cash.

2. Equipment with a cost of $32,000 and accumulated depreciation of $7,000 was sold for $50,000.

What was the amount of net cash provided by(used for) investingactivities?

A.

$(173,000)

B.

$(18,000)

C.

$18,000

D.