1. Given the amounts below, calculate the Total Cash from (for) Investing Activities on the Statement of Cash Flows.

Cash Collected from Customers	$300,000
Issuance of Stock	$120,000
Purchase of Equipment	$45,000
Proceeds from Sale of Land	$60,000

2. On-A-Roll, Inc., bought machinery at a cost of $72,000 with a salvage value of $4,000 and useful life of 10 years. Calculate Depreciation Expense on the income statement for the year ended Year 2 using the straight-line method.

ROUND ANSWER TO NEAREST DOLLAR. DO NOT INCLUDE $, NEGATIVE SIGN, OR PARENTHESES IN YOUR ANSWER