At the end of the year, Elite Properties statement of cash flows reported the following for investment activities:
Elite Properties
Consolidated Statement of Cash Flows (Partial)
Cash flows from Investing Activities:
Notes receivable collected..................................................... $ 3,113,000
Purchases of short-term investments...................................... (3,453,000)
Proceeds from sales of equipment......................................... 1,529,000
Proceeds from sales of investments (cost of $490,000).......... 498,000
Expenditures for property and equipment............................. (1,720,000)
Net used for investing activities......................................... $ (33,000)
*Cost $5,200,000; Accumulated depreciation, $3,671,000.

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