HW-Chapter-120 5 Required information (The following information applies to the questions displayed below] Part 4 of 5 Delsey The following accounts and corresponding balances were drawn from Company's 2017 and 2016 year end balance sheets. points 2017 Investment $110,000 $ 116,500 securities eBook Machinery486,000 437000 60,000 100,000 Print Other information drawn from the accounting records: References 1 Delsey incurred a $6,000 loss on the sale of investment securities during 2017. 2 Old machinery with a book value of $8,000 (cost of $36,000 minus accumulated depreciation of $28,000) was sold. The income statement showed a gain on the sale of machinery of $4,500 3 Delsey did not sell land during the year. d. Compute the amount of cash flow associated with the purchase of land. Cost of land purchased e. Prepare the investing activities section of the statement of cash flows. (Amounts to be deducted should be indicated with a minus sign.) DELSEY COMPANY Statement of Cash Flows (Investing Activities) For the Year Ended December 31, 2017 Cash flows from investing activities Net cash flow from operating activities