Sunnyside Co

Multiple Choice

Sunnyside Co.'s comparative balance sheet indicated that the Equipment account increased by $112,000.Upon further investigation of the account changes,it is determined that Sunnyside purchased equipment totaling $196,000 for the year.It also sold equipment with an original cost of $84,000 for $22,400 cash.Assuming these are the only transactions affecting the investing activities,Sunnyside will report net cash flows provided by (used in) investing activities of:

A) ($112,000) .
B) ($196,000) .
C) ($89,600) .
D) ($173,600) .