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 $ 14,000

Purchase of equipment 225,000

Proceeds from the sale of equipment 106,000

Repayment of outstanding bonds 87,000

Purchase of treasury stock 25,000

Issuance of common stock 96,000

Purchase of land 115,000

Increase in accounts receivable during the year 33,000

Decrease in accounts payable during the year 75,000

Payment of cash dividends 35,000

Net cash flows from investing activities for the year were: