Cornerstone Exercise 11-20 (Algorithmic) Determining Net Cash Flow from Investing Activities

Davis Inc. reported the following information:

	12/31/2019		12/31/2018
Equipment	$160,000		$115,000
Accumulated depreciation	(85,000)		(59,000)
Investment (long-term)	18,610		10,000

In addition, Davis sold equipment costing $12,500 with accumulated depreciation of $9,050 for $2,200 cash, producing a $1,250 loss. Davis reported net income for 2019 of $122,350.

Required:

Compute net cash flow from investing activities. Use a minus sign to indicate negative cash flows (outflows). $fill in the blank 1