company's statement of cash flows for the most recent year:

Loss on the sale of equipment$15,000

Purchase of equipment155,000

Proceeds from the sale of equipment136,000

Repayment of outstanding bonds92,000

Purchase of treasury stock67,000

Issuance of common stock101,000

Purchase of land125,000

Increase in accounts receivable during the year48,000

Decrease in accounts payable during the year80,000

Payment of cash dividends40,000

Net cash flows from investing activities for the year were: