During the year, Casey Machining purchased equipment for $18,000 cash and sold a piece of land with a book value of $90,000 for $80,000 cash. What were Casey’s net cash flows provided by investing...

During the year, Casey Machining purchased equipment for $18,000 cash and sold a piece of land with a book value of $90,000 for $80,000 cash. What were Casey’s net cash flows provided by investing activities for the year?

a. $98,000

b. $72,000