At the end of the year, Blue City Properties€™ statement of cash flows reported the following for investment activities:

Requirement
For each item listed, make the journal entry that placed the item on Blue City€™s statement of cashflows.

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Blue City Properties Consolidated Statement of Cash Flows (Partial) Cash flows from Investing Activities: Notes receivable collected Purchases of short-term investments Proceeds from sales of equipment Proceeds from sales of investments (cost of $430,000) Expenditures for property and equipment $ 3,115,000 (3,450,000) 1,630,000 438,000 (1,740,000) S (7,000) Net used by investing activities