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

Davis Inc. reported the following information:

	12/31/2019		12/31/2018
Equipment	$ 220,000		$155,000
Accumulated depreciation	(135,000)		(115,200)
Investment (long-term)	20,200		12,000

In addition, Davis sold equipment costing $22,900 with accumulated depreciation of $18,150 for $3,500 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).