During the year, Roberts Company sold equipment with a book value of $140,000 for $190,000 (original purchase cost of $240,000). New equipment was purchased.

Roberts provided the following comparative balance sheets:

Roberts Company
Comparative Balance Sheets
At December 31, 20X1 and 20X2
	20X1	20X2
Long-Term Assets:
Plant and equipment	$1,100,000	$1,075,000
Accumulated depreciation	(600,000)	(635,000)
Land	500,000	718,750

Required:

Calculate the investing cash flows for the current year. Use a minus sign to indicate a cash outflow.