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Exercise 12-7 Cash flows from investing activities LO P3 Equipment with a book value of $65,300 and an original cost of $133,000 was sold at

Exercise 12-7 Cash flows from investing activities LO P3

  1. Equipment with a book value of $65,300 and an original cost of $133,000 was sold at a loss of $14,000.
  2. Paid $89,000 cash for a new truck.
  3. Sold land costing $154,000 for $198,000 cash, yielding a gain of $44,000.
  4. Long-term investments in stock were sold for $60,800 cash, yielding a gain of $4,150.

Use the above information to determine this companys cash flows from investing activities. (Amounts to be deducted should be indicated with a minus sign.)

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