Pina Mills Limited follows IFRS, has a calendar year end, and adopted the policy of classifying interest paid as financing activities. It engaged in the following transactions in 2020.

1.		The Land account increased by $60,100 over the year: Land that originally cost $60,800 was exchanged along with a cash payment of $4,000 for another parcel of land with a fair value of $93,900. Additional land was acquired later in the year in a cash purchase.
2.		The Equipment account had a balance of $68,000 at the beginning of the year and $62,000 at the end. The related Accumulated Depreciation account decreased over the same period from a balance of $24,900 to $16,000. Fully depreciated equipment that cost $11,100 was sold during the year for $1,200. In addition, equipment that cost $2,800 and had a carrying amount of $700 was discarded, and new equipment was acquired and paid for.
3.		A five-year right-of-use lease for specialized equipment was entered into on July 2, 2020. Under the terms of the lease, the company agreed to make five annual payments (in advance) of $28,000, after which the equipment will revert to the lessor. The present value of these lease payments at the 10% rate that is implicit in the lease was $116,756. The first payment was made as agreed. Pina depreciates equipment using the straight-line method with no residual value.

Identify the amount(s) of the cash flows that result from the transactions and events recorded in part (b), and determine the classification of each one on the statement of cash flows within investing activities and financing activities. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)

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