Hocking Corporation's Comparative Balance Sheet Appears Below: the Company's

Multiple Choice

Hocking Corporation's comparative balance sheet appears below: The company's net income (loss) for the year was $10,000 and its cash dividends were $1,000. It did not sell or retire any property, plant, and equipment during the year. The company uses the indirect method to determine the net cash provided by operating activities
-The company's net cash used in investing activities is:

A) $5,000
B) $18,000
C) $27,000
D) $41,000