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Skysong Corporation had the following activities in 2020. 1. Sale of land $163,000 4. Purchase of equipment $433,000 2. Purchase of inventory $878,000 5. Issuance
Skysong Corporation had the following activities in 2020. 1. Sale of land $163,000 4. Purchase of equipment $433,000 2. Purchase of inventory $878,000 5. Issuance of common stock $340,000 3. Purchase of treasury stock $69,000 6. Purchase of available-for-sale debt securities $60,000 Compute the amount Skysong should report as net cash provided (used) by investing activities in its 2020 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 $
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