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