In preparing its cash flow statement for the year ended december 31, reve co. collected the following data: gain on sale of equipment$ (6,000)proceeds from sale of equipment 10,000purchase of a. s., inc. bonds (par value $200,000) (180,000)amortization of bond discount 2,000 dividends declared (45,000)dividends paid 38,000)proceeds from sale of treasury stock (carrying amount $65,000) 75,000in its december 31, statement of cash flows , what amount should reve report as net cash used in investing activities? a. $170,000 b. $176,000 c. $188,000d. $194,000choice "a" is correct. investing activities include acquisitions and sales of long-term assets or investmentassets. cash used equals $170,000 ($180,000 paid less $10,000 received from the sale of the equipment).