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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

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.

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