1. Cash Flows from Investing Activities

   During the year, Hayashi, Inc. sold equipment with a book value of $125,000 for $175,000 (original purchase cost of $225,000). New equipment was purchased.

   Hayashi provided the following comparative balance sheets:

   Hayashi, Inc. Comparative Balance Sheets At December 31, 20X1 and 20X2
   	20X1	20X2
   Long-Term Assets
   Plant and equipment	$1,000,000	$1,025,000
   Accumulated depreciation	(500,000)	(525,000)
   Land	500,000	711,750

   Required:

   Calculate the investing cash flows for the current year. Use a minus sign to indicate a cash outflow. $

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