The following is a summary of the Cash account of Covey Company.

What amount of net cash provided (used) by investing activities should be reported in the statement of cash flows?

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Balance, Jan. 1 Receipts from customers Dividends on stock investments Proceeds from sale of land Proceeds from issuance of bonds payable Balance, Dec. 31 Cash (Summary Form) 8,000 364,000 Payments for goods 6,000 Payments for operating expenses 96,000 Purchase of equipment Taxes paid Dividends paid 300,000 306,000 200,000 140,000 70,000 8,000 50,000