or-assignment-take&inprogress- false eBook Cash Flows from Investing Activities During the year, equipment with a book value of $125,000 was sold for $175,000 (original purchase cost of $225,000). New equipment was purchased Murray Company provided the following comparative balance sheets: Murray Company Comparative Balance Sheets At December 31, 2015 and 2016 Long-Term Assets Plant and equipment Accumulated depreciation 2015 2016 $1,000,000 $1,025,000 (500.000) (525,000) 500,000702,750 Land Required: Calculate the investing cash flows for the current year. Use a minus sign to indicate a cash outflow. KPy Next 6 8