Connecticut, Inc. uses the indirect method to prepare its statement of cash flows. Refer to the following portion of the compar
ative balance sheet:
Connecticut, Inc.
Comparative Balance Sheet
December 31, 2019 and 2018
2019 2018 Increase / (Decrease)
Cash $ 24,000 $ 25,000 $( 1,000 )
Accounts Receivable 34,000 37,000 (3,000)
Merchandise Inventory 53,000 25,000 28,000
Plant and Equipment 125,000 93,000 32,000
Accumulated Depreciation-Plant and Equipment (46,000) (42,000) (4,000)
Total Assets $ 190,000 $ 138,000 $ 52,000
Additional information provided by the company includes the following:
1. Equipment was purchased for $ 69,000 with cash.
2. Equipment with a cost of $ 37, 000 and accumulated depreciation of $ 7,000 was sold for $ 45,000.
Required :
1. What was the amount of net cash provided by (used for) investing activities?
