QUESTION 1

1. 12/31/202012/31/2019Inc./Dec.Cash$25,000$22,000$3,000Accounts Receivable30,00010,00020,000Inventories23,00019,0004,000Investments15,00040,000(25,000)Land60,000-60,000Equipment88,00054,00034,000Accumulated depreciation--Equipment(8,000)(5,000)3,000$233,000$140,000$93,000Accounts payable$16,000$18,000$(2,000)Accrued expenses20,0003,00017,000Dividends payable25,00014,00011,000Common stock120,00080,00040,000Paid-in capital in excess of par20,00015,0005,000Retained earnings32,00010,00022,000$233,000$140,000$93,000a. The investments were sold for $24,000 cash.b. Equipment and land were acquired for cash.c. There were no disposals of equipment during the year.d. The common stock was issued for cash.e. There was a $50,000 credit to Retained Earnings for net income.f. There was a $28,000 debit to Retained Earnings for cash dividends declared.
2. Please use the data above to DO
3. a cash flow statement on a separatepiece of paper or in Excel. Use your statement of cash flow results to answer the following questions.
4. Question 1: What is the net cash flow from investing activities? (Do not use commas or dollar signs. If the number is negative place the number in parentheses -- e.g. (100000))