4. The Blandings Home Construction Company purchased a new crane for $350,000 this year. It sold the old crane for $80,000. At the time it had a net book value of

$20,000. Assume any profit on the sale of old equipment is taxed at 25%. These were the only transactions that affected investing activities this year. Construct the Cash Flow from Investing Activities section of the statement of cash flows to concisely convey the maximum information to readers of the company’s financial statements.