Brief Exercise 14-28. Cash Flows from Investing Activities Objective 2 Example 14.4 During the year, Roberts Company sold equipment with a book value of $140,000 for $190,000 (original purchase cost of $240,000). New equipment was purchased. Roberts provided the following comparative balance sheets: Roberts Company Comparative Balance Sheets Required: At December 31, 20X1 and 20X2 20X1 20X2 Long-Term Assets: Plant and equipment $1,100,000 $1,075,000 Accumulated depreciation Land (300,000) (635,000) (500,000) (718.750) Calculate the investing cash flows for the current year.