Esty Inc. had the following activities during the year. What would be reported on the Statement of Cash Flows as the net cash flow from investing activities?

• Sold equipment with a $50,000 book value for a gain of $9,000.
• Paid $30,000 on a long-term note payable.
• Received $100,000 from common stock issuance.
• Purchased land. Paid a down payment of $10,000. The balance of $90,000 will be paid via a five-year promissory note with quarterly payments.
• Purchased an investment of IBM Stock for $5,000.
• Paid $15,000 cash for the purchase of merchandise inventory.