how to calculate net cash flow provided by investing activities

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Question

Hocking Corporation's comparative balance sheet appears below:

Hocking Corporation Comparative Balance Sheet
	Ending Balance	Beginning Balance
Assets:
Current assets:
Cash and cash equivalents	$ 43,000	$ 23,000
Accounts receivable	18,700	23,000
Inventory	57,300	53,000
Prepaid expenses	11,700	13,000
Total current assets	130,700	112,000
Property, plant, and equipment	348,000	333,000
Less accumulated depreciation	168,000	136,000
Net property, plant, and equipment	180,000	197,000
Total assets	$310,700	$309,000
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable	$ 17,300	$ 14,000
Accrued liabilities	61,300	53,000
Income taxes payable	45,300	43,000
Total current liabilities	123,900	110,000
Bonds payable	60,500	73,000
Total liabilities	184,400	183,000
Stockholders' equity:
Common stock	30,700	34,000
Retained earnings	95,600	92,000
Total stockholders' equity	126,300	126,000
Total liabilities and stockholders' equity	$310,700	$309,000

The company's net income (loss) for the year was $5,200 and its cash dividends were $1,600. It did not sell or retire any property, plant, and equipment during the year.

The company's net cash used in investing activities is:

a. $15,000

b. $36,300

c. $47,000

d. $17,000

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