The Travis Company uses the spreadsheet method for completing the statement of cash flows. The balance sheet accounts and other information related to those accounts are presented below for Travis Company:

December 31Assets20172016Cash$ 140,000$ 100,000Accounts Receivable, net200,000240,000Inventory160,000140,000Long-Term Investments60,000150,000Plant Assets500,000450,000Accumulated Depreciation(300,000)(290,000)Patents8,00010,000Total Assets$ 768,000$ 800,000EquitiesAccounts Payable$ 100,000$ 80,000Bonds Payable, due 2017180,000240,000Common Stock, $10 par200,000160,000Additional Paid-in Capital160,000140,000Retained Earnings128,000180,000Total Equities$ 768,000$ 800,000

Additional information related to 2017 activities:

1.Net loss for 2017 was $40,000.2.Cash dividends of $12,000 were declared and paid in 2017.3.4,000 shares of common stock were issued to bondholders converting bonds payable into common stock.4.A long-term investment was sold for $100,000 cash.5.Equipment costing $100,000 and having accumulated depreciation of $30,000 was sold for $50,000 cash.

Refer to Exhibit 21-3. Net cash provided (used) in the investing activities section of Travis's 2017 statement of cash flows was

$(150,000)

$0

$150,000

$(50,000)