Cash Flows from Investing Activities During the year, Swasey Company sold equipment with a book value of $580,000 for $780,000 (original purchase cost of $990,000 ). New equipment was purchased. Swasey provided the following comparative balance sheets: This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answer in the question below. Open spreadsheet Required: Calculate the investing cash flows for the current year. Use a minus sign to indicate a cash outflow