Sorensen Company provides the following information related to its investing and financing activities for the current 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

a.	Calculate the net amount of cash provided by or used for investing activities for the year.

Cash: Investing activities: