Question: Manning? Tint, Inc. uses the indirect method to prepare its statement of cash flows. Refer to the following portion of the comparative balance? sheet: Manning?
Manning? Tint, Inc. uses the indirect method to prepare its statement of cash flows. Refer to the following portion of the comparative balance? sheet:
| Manning? Tint, Inc. Comparative Balance Sheet December? 31, 2017 and 2016 |
| 2016 | 2015 | ?Increase/(Decrease) | |
| Cash | ?$28,000 | ?$25,000 | ?$3,000 |
| Accounts Receivable | ?32,000 | ?38,000 | ?(6,000) |
| Merchandise Inventory | ?55,000 | ?25,000 | ?30,000 |
| Plant and Equipment | ?126,000 | ?93,000 | ?33,000 |
| Accumulated Depreciationminus?Plant and Equipment | ?(44,000) | ?(45,000) | ?1,000 |
| Total Assets | ?$197,000 | ?$136,000 | ?$61,000 |
Additional information provided by the company includes the? following:
1. Equipment was purchased for? $66,000.
2. Equipment with a cost of? $37,000 and accumulated depreciation of? $7,200 was sold for? $49,000.
What was the amount of net cash provided by? (used for) investing? activities?
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