Wyoming Company had the following information for the year ended December 31, 2015 and December 31, 2016

December 31, 2016 December 31, 2015
Equipment $186,000 $156,000
Accumulated depreciation 62,000 54,000

Depreciation expense for the year ended December 31, 2016 was $18,000. Equipment that cost $20,000 was sold at a $3,000 loss. The equipment had accumulated depreciation of $10,000.

Required:
Prepare the investing section of the statement of cash flows for the year ended December 31, 2016.

Cash flows from investing activities:
Purchase of fixed assets $(50,000 )
Proceeds from sale of fixed asset 7,000
Net cash used for investing activities $(43,000 )