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Metlock Corporation had the following activities in 2020. 1. Sale of land $192,000 4. Purchase of equipment $408,000 2. Purchase of inventory $799,000 5. Issuance
Metlock Corporation had the following activities in 2020. 1. Sale of land $192,000 4. Purchase of equipment $408,000 2. Purchase of inventory $799,000 5. Issuance of common stock $312,000 3. Purchase of treasury stock $71,000 6. Purchase of available-for-sale debt securities $61,000 Compute the amount Metlock should report as net cash provided (used) by investing activities in its 2020 statement of cash flows
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