Chapter 12 Assignment 3 Part 1 of 7 Required information [The following information applies to the questions displayed below.] The following information was drawn from the year-end balance sheets of Mass Trading Company: 10 points eBook Print References Account Title Investment securities Equipment Buildings Land Year 2 Year 1 $ 36,000 220,500 $ 27,100 204,500 863,500 960,000 96,000 57,500 The following is additional information regarding transactions that occurred during Year 2: 1. Investment securities that had cost $5,400 were sold. The Year 2 income statement contained a loss on the sale of investment securities of $410. 2. Equipment with a cost of $57,000 was purchased. 3. The income statement showed a gain on the sale of equipment of $7,900. On the date of sale, accumulated depreciation on the equipment sold amounted to $8,900. 4. A building that had originally cost $169,000 was demolished. 5. Land that had cost $26,700 was sold for $20,700. Required a. Determine the amount of cash flow for the purchase of investment securities during Year 2. Cash flow for the purchase of investment securities