?

Alp, Inc. had the following activities during year 1:
• 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 year 1 statement of cash flows, net cash used in investing activities should be