During 2020, the Damon Company had the following transactions: 

1. Purchased $200,000 of 10-year bonds issued by the Gallant Company. 

2. Purchased common stock in the Morceau Company, as a long-term investment, for $60,000. 

3. Acquired land valued at $200,000 in exchange for one of Damon’s warehouses. 

4. Sold equipment with original cost of $70,000 for $35,000; accumulated depreciation on the equipment sold was $40,000. 

5. Purchased new equipment for $60,000. 

Required 

Prepare the investing section of the statement of cash flows.