Connecticut, Inc Additional Information Provided by the Company Includes the Following:
1)

Connecticut, Inc. uses the indirect method to prepare its statement of cash flows. Refer to the following portion of the comparative balance sheet: $\begin{array}{c}\text { Connecticut, Inc.}\\\text { Comparative Balance Sheet}\\ \text { December 31,2019 and 2018}\\\begin{array}{|l|r|r|r|} \hline& 2019 & 2018 & \text { Increase/(Decrease) } \\\hline \text { Cash } & \$ 25,000 & \$ 22,000 & \$ 3000 \\\hline \text { Accounts Receivable } & 31,000 & 38,000 & (7000) \\\hline \text { Merchandise Inventory } & 55,000 & 26,000 & 29,000 \\\hline \text { Plant and Equipment } & 124,000 & 93,000 & 31,000 \\\hline \text { Accumulated Depreciation-Plant } & & & \\\text { and Equipment } & (47,000 ) & \underline{(43,000) } &(4,000) \\\hline \text { Total Assets } & \$ 188,000 & \$ 136,000 &\$ 52,000\\\hline \end{array}\end{array}$ Additional information provided by the company includes the following:
1) Equipment was purchased for $67,000 with cash.
2) Equipment with a cost of $36,000 and accumulated depreciation of $7300 was sold for $48,000.
What was the amount of net cash provided by (used for) investing activities?

A) $167,000
B) $19,000
C) $(167,000)
D) $(19,000)