Cash Flow from Investing Activities

Using the information for the Seville Corporation, calculate the cash flow from investing activities.

Accounts payable increase $$14,400$

Accounts receivable increase $6,400$

Accrued liabilities decrease $4,800$

Amortization expense $6,000$

Cash balance, January $122,000$

Cash balance, December $3115,000$

Cash paid as dividends $29,000$

Cash paid to purchase land $144,000$

Cash paid to retire bonds payable at par $60,000$

Cash received from issuance of common stock $35,000$

Cash received from sale of equipment $27,200$

Depreciation expense $29,000$

Gain on sale of equipment $4,000$

Inventory decrease $13,000$

Net income $121,600$

Prepaid expenses increase $2,000$

Use a negative sign with answer to show cash outflow from $($used by$)$ investing activities.

Cash flow from $($or used by$)$ investing activities