Alp, Inc. had the following activities during 2006:
- Acquired 2,000 shares of stock in Maybel, Inc. for $26,000. Alp intends to hold the stock as a long-term investment.
- Sold an investment in Rate Motors for $35,000 when the carrying value was $33,000.
- Acquired a $50,000, four-year certificate of deposit from a bank. (During the year, interest of $3,750 was paid to Alp.)
- Collected dividends of $1,200 on stock investments.
In Alp’s 2006 statement of cash flows, net cash used in investing activities should be
- $37,250
- $38,050
- $39,800
- $41,000