During 20X1, Craig Company had the following transactions:

1. Purchased $199,500 of 10-year bonds issued by Makenzie Inc.
2. Acquired land valued at $69,500 in exchange for machinery.
3. Sold equipment with original cost of $540,600 for $329,300; accumulated depreciation taken on the equipment to the point of sale was $180,600.
4. Purchased new machinery for $120,100.
5. Purchased common stock in Lemmons Company for $54,400.

Required:

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.)

Craig Company
Statement of Cash Flows (Partial)
Year Ending December 31, 20X1
Cash flows from investing activities:
Purchase of bonds
Sale of equipment
Purchase of new machinery
Purchase of common stock
Net cash from investing activities
Noncash investing activity:
Land in exchange for machinery