American Gladhanders Corporation had the following activities in 2008. 1. Sale of land $130,000 4. Purchase of

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American Gladhanders Corporation had the following activities in 2008.

1. Sale of land $130,000 4. Purchase of equipment $415,000 2. Purchase of inventory $845,000 5. Issuance of common stock $320,000 3. Purchase of treasury stock $72,000 6. Purchase of available-for-sale securities $59,000 Compute the amount American Gladhanders should report as net cash provided (used) by investing activities in its statement of cash flows.

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