7.

[The following information applies to the questions displayed below.] The following information was drawn from the year-end balance sheets of Mass Trading Company. Additional information regarding transactions occurring during Year 2 : 1. Investment securities that had cost $6,100 were sold. The Year 2 income statement contained a loss on the sale of investment securities of $730. 2. Equipment with a cost of $55,000 was purchased. 3. The income statement showed a gain on the sale of equipment of $6,000. On the date of sale, accumulated depreciation on the equipment sold amounted to $7,900. 4. A building that had originally cost $158,000 was demolished. 5. Land that had cost $26,700 was sold for $20,000. Determine the amount of cash flow for the purchase of buildings during Year 2