Brief Exercise 23-2

Novak Corporation had the following activities in 2017.

1.Sale of land $186,0004.Purchase of equipment $401,0002.Purchase of inventory $917,0005.Issuance of common stock $320,0003.Purchase of treasury stock $75,0006.Purchase of available-for-sale debt securities $53,000

Compute the amount Novak should report as net cash provided (used) by investing activities in its 2017 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).)

Net cash

provided

used

by investing activities$