Question: Peach Corp. is preparing its statement of cash flows using the indirect method. It provides the following information about transactions for the year: Plant assets,
Peach 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: $110.000 Plant assets, net-ending balance: $146,000 Equipment was purchased for $64,000 with cash. Equipment with a net asset value of $12,000 was sold for $17,000. Depreciation Expense of $15,000 was recorded during the year. What was the amount of net cash provided by (used for) investing activities? \begin{tabular}{|l} $47,000 \\ $(38,000) \\ $(62,000) \\ $(47,000) \end{tabular}
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