Consecutive balance sheets of ABC Ltd showed the following balances:

	30 June 2009 $	30 June 2008 $
Land	800,000	500,000
Equipment	230,000	280,000
Accumulated depreciation equipment	(120,000)	(100,000)

During the year ended 30 June 2009, the following happened:

• Land was revalued upwards by $50,000.
• The company did not sell any land during the year.
• The company did not revalue their equipment during the year as the market value did not change.
• The company sold a piece of equipment with original value of $70,000 and accumulated depreciation of $50,000, and made a loss on sale of $10,000.
• Assume the only non-current assets the company has are land and equipment.
• Assume all purchase and sale of non-current assets are for cash.

How much was the net cash flow from investing activities for the year ended 30 June 2009? Ignore tax implications.