Sage Corporation had the following activities in 2017.

1.Sale of land $186,000 4.Purchase of equipment $428,000

2.Purchase of inventory $923,000 5.Issuance of common stock $332,000

3.Purchase of treasury stock $68,000 6.Purchase of available-for-sale debt securities $64,000

Compute the amount Sage should report as net cash provided (used) by investing activities in its 2017 statement of cash flows. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)

Net cash ( )by investing activities $