Brief Exercise 23-1

Wainwright Corporation had the following activities in 2014.

1.		Sale of land $223,390		4.		Purchase of equipment $304,250
2.		Purchase of inventory $858,680		5.		Issuance of common stock $354,680
3.		Purchase of treasury stock $70,100		6.		Purchase of available-for-sale securities $56,910

Compute the amount Wainwright should report as net cash provided (used) by investing activities in its statement of cash flows. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)