On January 1, 2013, Shelton Company had a balance of $260,000 in its Land account. During 2013, Shelton sold land that had cost $83,500 for $151,000 cash. The balance in the Land account on December 31, 2013, was $286,000.

Required:
a.	Determine the cash outflow for the purchase of land during 2013.

b.	Prepare the investing activities section of the 2013 statement of cash flows. (Any cash outflow should be indicated with minus sign.)

On January 1, 2013, Shelton Company had a balance of $260,000 in its Land account. During 2013, Shelton sold land that had cost $83,500 for $151,000 cash. The balance in the Land account on December 31, 2013, was $286,000 Required: a. Determine the cash outflow for the purchase of land during 2013. Cash outflow for the purchase of land b. Prepare the investing activities section of the 2013 statement of cash flows. (Any cash outflow should be indicated with minus sign.) Cash Flow from Investing Activities