3 Exercise 16-7 Cash flows from investing activities LO P3 a. Equipmen ) b. Paid $118,000 cash for a new truck c. Sold land costing $325,000 for $425,000 cash, yielding a gain of $100,000 d. Long-term investments in stock were sold for $94,200 cash, yielding a gain of $16,250 nt with a book value of $78,500 and an original cost of $167,000 was sold at a loss of 15 poines information to determine this company's cash flows from investing activities. (Amounts to be deducted should be indicated with a minus sign.) Print References