During the year, Blaylock Company sold equipment with a book value of $280,000 for $380,000 (original purchase cost of $480,000). New equipment was purchased. Blalock provided the following comparative balance sheets:

Blaylock Company

Comparative Balance Sheets

At December 31, 2013 and 2014

2013 2014

Long-Term Assets:

Plant and equipment $2,200,000 $2,150,000

Accumulated depreciation (1,200,000) (1,270,000)

Land 1,000,000 1,437,500

Required: Calculate the investing cash flows for the current year.