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El Paso Company engaged in the following transactions during 2010, its first year in operation: 1. Provided services to customers on account $40,000 2. Purchased

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El Paso Company engaged in the following transactions during 2010, its first year in operation: 1. Provided services to customers on account $40,000 2. Purchased land by paying cash $100,000 3. Purchased a fire insurance policy that will provide coverage for a two-year period $12,000 4. Acquire cash by issuing common stock $150,000 5. Recognized expense for the amount of office supplies that had been used during the period $20,000 6. Bought office equipment for cash $20,000 Calculate the amount of cash flow from investing activities

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