Cash Flows from Investing Activities During the year, Roberts Company sold equipment with a book value of $140,000 for $190,000 (original purchase cost of $240,000). New equipment was purchased. Roberts provided the following comparative balance sheets: Roberts Company Comparative Balance Sheets At December 31, 20X1 and 20X2 Long-Term Assets: Plant and equipment Accumulated depreciation Land Required: 20X1 20X2 $1,100,000 $1,075,000 (600,000) (635,000) 500,000 718,750 Calculate the investing cash flows for the current year. Use a minus sign to indicate a cash outflow.