Reference no: EM132537958

Question - Jost's Co. had the following transactions during 2019:

1. Issued $50,000 of par value common stock for cash.

2. Repaid a 6 year note payable in the amount of $22,000.

3. Acquired land by issuing common stock of par value $100,000.

4. Declared and paid a cash dividend of $2,000.

5. Sold a long-term investment (cost $3,000) for cash of $8,000.

6. Acquired an investment in IBM stock for cash of $15,000.

Required - What is the net cash provided (used) by investing activities?

A. $15,000

B. $33,000

C. ($7,000)

D. $8,000

E. None of the above.