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Saved Help Save & Exit Submit 47 During Year 1, El Paso Company had the following changes in account balances: The Accumulated Depreciation account
Saved Help Save & Exit Submit 47 During Year 1, El Paso Company had the following changes in account balances: The Accumulated Depreciation account had a beginning balance of $85,000 and an ending balance of $119,000. The increase was due to depreciation expense. The Long-Term Notes Payable account had a beginning balance of $136,000 and an ending balance of $72,000. The decrease was due to repayment of debt. The Equipment Account had a beginning balance of $120,000 and an ending balance of $318,000. The increase was due to the purchase of other operational assets. The Long-Term Investments Account (Marketable Securities) had a beginning balance of $86,400 and an ending balance of $60,000. The decrease was due to the sale of investments at cost. The Dividends Payable account had a beginning balance of $57,600 and an ending balance of $48,000. There were $96,000 of dividends declared during the period. The Interest Payable account had a beginning balance of $10,800 and an ending balance of $6,000. The difference was due to the payment of interest. What is the net cash flow from investing activities?
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