During 20X1, Craig Company had the following transactions: A. Purchased $199,000 of 10-year bonds issued by Makenzie Inc. B. Acquired land valued at $69,700 in exchange for machinery. C. Sold equipment with original cost of $539,100 for $330,800; accumulated depreciation taken on the equipment to the point of sale was $180,200. D. Purchased new machinery for $120,900. E. Purchased common stock in Lemmons Company for $55,300. Required: 1. Prepare the net cash from investing activities section of the statement of cash flows. 2. CONCEPTUAL CONNECTION Usually, the net cash from investing activities is negative. How can Craig cover this negative cash flow? What other information would you like to have to make this decision? Refer to the list below tor the exact wording of an amount description or label within your Statement of Cash Flows. Statement of Cash Flows (Partial) Shaded cells have teedback. x 1. Prepare the net cash from investing activities section of the statement of cash flows. (Note: Use a minus sign to indicate any decreases in cash or cash outflows. Refer to the Amount Descriptions Ilst provided for the exact wording of the answer choices for text entries.) Ouestion not attemoted. Feedback Chock My Work Investing activities include the purchase and sale of long-term assets. The investing cash flow is the sum of the cash recelved from the sale of equipment less the cash paid to purchase new equipment and securities. Noncash investing and financing activities are investing and financing activities that take place without affecting cash. Noncash activities are shown after cash flow activities on the Statement of Cash Flows as positive amounts