The following accounts and corresponding balances were drawn from Delsey Companys Year 2 and Year 1 year-end balance sheets.

Account Title	Year 2	Year 1
Investment securities	$103,900	$114,000
Machinery	525,300	425,800
Land	145,600	93,700

Other information drawn from the accounting records:

1.Delsey incurred a $1,020 loss on the sale of investment securities during Year 2.

2.Old machinery with a book value of $4,960 (cost of $25,470 minus accumulated depreciation of $20,510) was sold. The income statement showed a gain on the sale of machinery of $4,830.

3.Delsey did not sell land during the year.

Required a. Compute the amount of cash flow associated with the sale of investment securities.

Amount of cash flow

b. Compute the amount of cash flow associated with the purchase of machinery.

Cost of machinery purchased

c. Compute the amount of cash flow associated with the sale of machinery.

Amount of cash flow

d. Compute the amount of cash flow associated with the purchase of land.

	Cost of land purchased

e. Prepare the investing activities section of the statement of cash flows. (Cash outflows should be indicated with a minus sign.)

DELSEY COMPANY
Statement of Cash Flows (Investing Activities)
For the Year Ended December 31, Year 2
Cash flows from investing activities:
Net cash flow from investing activities