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Exercise 13-8 Hoffman Enterprises engaged in the following activities during the year: Purchased 100 shares of Monk Industries for $42,000 Sold 50 shares of Hinson

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Exercise 13-8 Hoffman Enterprises engaged in the following activities during the year: Purchased 100 shares of Monk Industries for $42,000 Sold 50 shares of Hinson Healthcare for $9,000 Purchased new equipment costing $80,000 for $15,000 cash and a $65,000 note payable Sold equipment with a book value of $50,000 for $45,000 Prepare the cash flows provided by investing activities section of Hoffman Enterprises statement of cash flows. (Show amounts that decrease cash flow with either a - sign, e.g. -15,000 or in parentheses, e.g. (15, 000).) Cash flows from investing activities Net cash by investing activities $ Click if you would like to Show Work for this question: Open Show Work

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