Rodriguez Inc

Multiple Choice

Rodriguez Inc. uses the indirect method to prepare its statement of cash flows. Refer to the following portion of the comparative balance sheet: Additional information provided by the company includes the following: 1) Equipment costing $65,000 was purchased for cash.
"2) Equipment with a cost of $32,000 and accumulated depreciation of $7,000 was sold for $45,000.
What was the amount of net cash provided by (used for) investing activities?"

A) $120,000
B) $20,000
C) $(120,000)
D) $(20,000)