In preparing a company's statement of cash flows for the most recent year, the following information is available: Loss on the sale of equipment Purchase of equipment for cash Proceeds from the sale of equipment Repayment of outstanding bonds Purchase of treasury stock Issuance of common stock Purchase of land for cash Increase in accounts receivable during the year Decrease in accounts payable during the year Payment of cash dividends Net cash flows from investing activities for the year were: $ 15,900 164,000 145,000 96,500 71,500 105,500 134,000 52,500 84,500 44,500

Net cash flows from investing activities for the year were