Cash Flow Investing

Selected information follows for Cata Select Corporation. Determine the net cash used by investing activities. Show your work below.

Depreciation Expense $$86,000$

Increase in Accounts Payable $$8,000$

Proceeds from the sale of land were $$120,000$

Equipment purchased $$147,000$

Proceeds from equipment sale $$23,000$

Dividends payable $$60,000$

Sale of Common shares $$10,000$