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Brief Exercise 11-30 (Algorithmic) Determining Net Cash Flow from Investing Activities Orlando Inc. reported the following information: 12/31/2019 12/31/2018 Furniture $46,000 $32,000 Accumulated depreciation 15,900

Brief Exercise 11-30 (Algorithmic) Determining Net Cash Flow from Investing Activities

Orlando Inc. reported the following information:

12/31/2019 12/31/2018
Furniture $46,000 $32,000
Accumulated depreciation 15,900 12,500
Investment (long-term) 38,000 50,000

In addition, Orlando sold furniture costing $18,300 with accumulated depreciation of $12,810 for $6,370. Orlando also reported a $1,300 gain on the sale of long-term investments.

Required:

Compute net cash flow from investing activities. Use a minus sign to indicate negative cash flows (outflows). $fill in the blank 1

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