At the end of the year, Crown King Property’s statement of cash flows reported the following for investment activities:
Crown King Properties
Consolidated Statement of Cash Flows (Partial)
Cash flows from Investing Activities:
Notes receivable collected..................................................... $ 3,117,000
Purchases of short-term investments...................................... (3,465,000)
Proceeds from sales of equipment......................................... 1,599,000
Proceeds from sales of investments (cost of $470,000).......... 487,000
Expenditures for property and equipment............................. (1,741,000)
Net used by investing activities......................................... $ (3,000)

Requirement
1. For each item listed, make the journal entry that placed the item on Crown Kings statement of cash flows.