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Determine the net cash provided or used by investing activities for YTZ Company that had...

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Accounting

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Determine the net cash provided or used by investing activities for YTZ Company that had a balance of $297,000 in the equipment account at the beginning of the year and a balance of 492,000 at the end of the year. The company purchased equipment for $247,000 during the year and sold equipment with an accumulated depreciation of $21,000 at a loss of $14,000. If these were the only items impacting the investing activities section, determine the net cash provided or (used) by investing activities: 1) $233,000 2) ($230,000) 3) $45,000 4) ($202,000)

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