Sorensen Company provides the following information related to its investing and financing activities for the current year: question: caculate the net amount of cash provided by or used for investing activities for the year? Cash receipts:
Sale of common stock	$	250,000
Sale of equipment (at $34,000 loss)		156,000
Sale of land (at $50,000 gain)		160,000
Cash payments:
Purchase of equipment	$	178,000
Purchase of treasury stock		45,000
Retirement of debt		36,500
Dividends on preferred and common stock		75,000