Brief Exercise 4-16 Determine investing cash flows (LO4-7) On January 12, Ferrell Incorporated obtains a permit to start a comedy club, which will operate only on Saturday n other related equipment for $56,000 on January 16, Ferrell pays 20% of this amount (=$11,200) in cash at the time of purchase and prepare the club for the grand opening. Ferrell purchases tables, chairs, ovens, and signs a note with Live Bank for the remaining amount. Determine the amount of investing cash flows Ferrell would report in January. References eBook & Resources