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Quiz Company reported the following activities for 2020. Sold land with a cost of $750,000 for $900,000 Purchased equipment for $45,000 Repaid $50,000 in principal

Quiz Company reported the following activities for 2020.

  • Sold land with a cost of $750,000 for $900,000
  • Purchased equipment for $45,000
  • Repaid $50,000 in principal on a note payable
  • Purchased a building with a fair value of $625,000 for $600,000
  • Purchased treasury stock for $120,000
  • Purchased a truck by making a $5,000 down payment and signing a $70,000, 60-month, 4% note payable
  • Resold treasury shares for $150,000
  • Paid dividends of $250,000
  • Paid interest of $15,000

Determine cash flows from investing activities for the year ended December 31, 2020.

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