Connecticut,Inc Additional Information Provided by the Company Includes the Following:
1)Equipment

Multiple Choice

Connecticut,Inc.uses the indirect method to prepare its statement of cash flows.Refer to the following portion of the comparative balance sheet: $\begin{array}{c}\text { Connecticut, Inc.}\\\text { Comparative Balance Sheet}\\\text { December 31,2019 and 2018}\\\begin{array}{|l|c|c|c|}\hline&2019 & 2018 & \text { Increase/(Decrease) }\\\hline \text { Cash } & \$ 27,000 & \$ 18,000 & \$ 9000 \\\hline \text { Accounts Receivable } & 34,000 & 35,000 & (1000) \\\hline \text { Merchandise Inventory } & 56,000 & 25,000 & 31,000 \\\hline \text { Plant and Equipment } & 126,000 & 90,000 & 36,00 \\\hline \begin{array}{l}\text { Accumulated Depreciation-Plant } \\\text { and Equipment }\end{array} & (45,000) & (43,000) & \underline{200} \\\hline \text { Total Assets } & \$ 198,000 & \$ 125,000 & \$ 73,000 \\\hline\end{array}\end{array}$ Additional information provided by the company includes the following:
1) Equipment was purchased for $69,000 with cash.
2) Equipment with a cost of $33,000 and accumulated depreciation of $7300 was sold for $46,000.
What was the amount of net cash provided by (used for) investing activities?

A) $188,000
B) $23,000
C) $(188,000)
D) $(23,000)