Exercise 11-10 (Algo) Calculate investing cash flows (LO11-4) The following summary transactions occurred during the year for Petunia. Cash received from: Collections from customers $393,000 Interest on notes receivable 12,500 Collection of notes receivable 61,000 Sale of investments 35,300 Issuance of notes payable 113,000 Cash paid for: Purchase of inventory. 173,000 Interest on notes payable 11,500 Purchase of equipment 98,000 Salaries to employees 103,000 Payment of notes payable 31,500 Dividends to shareholders 1,000 Required: Calculate net cash flows from investing activities. (Amounts to be deducted should be indicated with a minus sign.) PETUNIA COMPUTER Statement of Cash Flows (partial) For the Year Ended December 31, 2024 Cash flows from investing activities: Sale of investments Purchase of equipment $ 35,300 (98,000) Net cash flows from investing activities $ (62,700)