In preparing Marjorie Companys statement of cash flows for the most recent

Question

In preparing Marjorie Company's statement of cash flows for the most recent year, the following information is available:

Purchase of equipment	$260,000
Proceeds from the sale of equipment	$87,000
Purchase of land	$91,000

Net cash flows from investing activities for the year were:
A.$438,000 of net cash used.
B.$438,000 of net cash provided.
C.$264,000 of net cash used.
D.$351,000 of net cash used.
E.$264,000 of net cash provided.

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