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9. The following selected account balances were taken from Buckeye Company's general ledger at January 1, 2018 and December 31, 2018: January 1, 2018 December
9. The following selected account balances were taken from Buckeye Company's general ledger at January 1, 2018 and December 31, 2018: January 1, 2018 December 31, 2018 Equipment 125,000 190,000 Inventory 25,000 28,000 Cash 31,000 43,000 Accounts payable 25,000 47,000 Accounts receivable 42,000 35,000 Investments 48,000 34,000 Land 80,000 60,000 Mortgage payable 100,000 50,000 Common stock 141,000 173,000 Accumulated depreciation 47,000 71,000 Retained earnings 38,000 49,000 The following information was taken from Buckeye Company's 2018 income statement: Sales revenue $420,000 Cost of goods sold 296,000 Loss on sale of land 17,000 Depreciation expense 24,000 Salaries expense 51,000 Gain on sale of investments 2,000 Net income $ 34,000
Calculate the net cash flow from investing activities for 2018. If your answer is negative, place a minus sign in front of your answer with no spaces in between (e.g., -1234). Do not use decimals in your answer.
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