Cash Flow from Investing Activities During 20X1, Craig Company had the following transactions: A. Purchased $199,900 of 10-year bonds issued by Makenzie Inc. B. Acquired land valued at $70,500 in exchange for machinery. C. Sold equipment with original cost of $539,400 for $329,900; accumulated depreciation taken on the equipment to the point of sale was $180,000. D. Purchased new machinery for $121,000. E. Purchased common stock in Lemmons Company for $54,200. Required: 1. Prepare the net cash from investing activities section of the statement of cash flows. (Note: Use a minus sign to indicate any decreases in cash or cash outflows.) Craig Company Statement of Cash Flows (Partial) Year Ending December 31, 20X1 Cash flows from investing activities: Purchase of bonds Sale of equipment Purchase of new machinery Purchase of common stock Net cash from investing activities Noncash investing activity: Land in exchange for machinery