Connecticut,Inc

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: 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)