The Following Information Is from the Noncurrent Asset Portion of Randle

Multiple Choice

The following information is from the noncurrent asset portion of Randle Company's balance sheet.
$\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$$\text { December } 31$
$\begin{array}{lcccc}&2017&2016\\\text { Property, plant, and equipment } & \$ 140,000 & \$ 125,000 & \\\text { Accumulated depreciation } & (69,500) & (57,000) \\\text { Long-term investments } & 27,000 & 15,000 &\end{array}$

The following activities occurred during 2017:
Sold equipment with an original cost of $8,000 and a book value of $2,500 for $2,000 cash.
Depreciation expense for the year totaled $18,000.
Purchased property for $23,000 cash.
Purchased long-term investments for $12,000 cash.
What is the amount of cash used by investing activities?

A) $27,000
B) $51,000
C) $33,000
D) $14,500
E) None of the answer choices is correct.