Tucker Tutoring Service Company Recorded the Following Cash Transactions for the Year

question 21

Multiple Choice

Tucker Tutoring Service Company recorded the following cash transactions for the year: Paid $55000 for salaries.
Paid $7000 to purchase office equipment.
Paid $6000 for utilities advertising and supplies.
Paid $12000 for rent.
Paid $18000 in dividends.
Collected $125000 from customers.
Borrowed $20000 from the bank.
What was the company's net cash provided (used) by investing activities?

• A)($7000)
• B)$7000
• C)$13000
• D)The amount cannot be determined from the information provided.