Watley Surf Shop Provided the Following Information for the Current

Watley Surf Shop provided the following information for the current year: $$\begin{array} { l r } \text { Proceeds from sale of equipment } & \$ 120,000 \\\text { Dividends paid to stockholders } & 16,000 \\\text { Purchase of inventories on account } & 92,000 \\\text { Borrowing a long-term loan } & 60,000 \\\text { Loan principal payments made } & 14,000 \\\text { Interest paid on loan payments } & 1,000 \\\text { Purchase of land for cash } & 65,000 \\\text { Payment for inventory previously acquired on account } & 85,000 \\\text { Cash collected from customers } & 450,000\end{array}$$ How much is the net cash provided/(used) by investing activities during the year?

A) $55,000
B) $115,000
C) $100,000
D) $40,000