Chapter 5

Cullumber Corporation engaged in the following cash transactions during 2020. Sale of land and building $194,000 Purchase of treasury stock 46,600 Purchase of land 37,400 Payment of cash dividend 89,200 Purchase of equipment 53,400 Issuance of common stock 155,400 Retirement of bonds 104,500 Compute the net cash provided (used) by investing activities. (Show amounts that decrease cash flow with either a - sign e.g. - 15,000 or in parenthesis e.g. (15,000).) CULLUMBER CORPORATION Statement of Cash Flows (Partial) For the Year Ended December 31, 2020 Cash Flows from Investing Activities Payment of Cash Dividend $ 89200 89200 Issuance of Common Stock 155400 Retirement of Bonds 104500 Net Cash Used by Investing Activities -38300