During the year, Lin Company's equipment account increased from $79,500 to $99,500 as a result of selling old equipment for $1,700 that had cost $9,300 and a book value of $2,300, and from purchasing new equipment for cash. Prepare the investing activities section of the statement of cash flows. (Show amounts that decrease cash flow with either a sign (e.g.,15,000) or in parenthesis (e.g., (15,000).) Cash flows from investing activities: $ Net cash by investing activities $