The differences in some of Beal Inc.'s Balance Sheet accounts at December 31, 20X4 and 20X3, are presented below:The following additional information relates to 20X4: net income was $790,000; cash dividends of $500,000 were declared; building costing $600,000, with a carrying amount of $350,000, was sold for $350,000; equipment costing $110,000 was acquired through the issuance of long-term debt; and a long-term investment was sold for $135,000. There were no other transactions affecting long-term investments. 10,000 shares of common stock were issued for $22 a share. In Beal's 20X4 Statement of Cash Flows, net cash used in investing activities was

The differences in some of Beal Inc.'s Balance Sheet accounts at December 31, 20X4 and 2OX3, are presented beloszhe following additional information relates to 20x4: net income was $790,000; cash dividends of $500,000 were declared; building costing $600,000, with a carrying amount of $350,000, was sold for $350,000; equipment costing $110,000 was acquired through the issuance of long-term debt; and a longterm investment was sold for $135,000. There were no other transactions affecting long- term investments. 10,000 shares of common stock were issued for $22 a share. In Beal's 20X4 Statement of Cash Flows, net cash used in investing activities was Assets Increase (Decrease) Cash and cash equivalents $120,000 Investments in debt classied as trading securities 300,000 Accounts receivable, net _ Inventory 80,000 Long-term investments (100,000) Plant assets (gross) 700,000 Liabilities and stockholders' equity $(5,000) Accounts payable and accrued liabilities Dividends payable 160,000 Short-term bank debt 325,000