Messner Co. reported $142,000 of net income for 2012. The accountant, in preparing the statement of cash flows, noted several items occurring during 2012 that might affect cash flows from operating activities. Following are the items listed below.

1.		Messner purchased 150 shares of treasury stock at a cost of $20 per share. These shares were then resold at $29 per share.
2.		Messner sold 120 shares of IBM common at $220 per share. The acquisition cost of these shares was $170 per share. This investment was shown on Messner