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The following information was drawn from the year-end balance sheets of Mass Trading Company: Account Title Year 2 Year 1 Investment securities $ 36,000 $

The following information was drawn from the year-end balance sheets of Mass Trading Company:

Account Title Year 2 Year 1
Investment securities $ 36,000 $ 29,800
Equipment 221,000 219,000
Buildings 854,500 945,500
Land 94,500 59,000

Additional information regarding transactions occurring during Year 2:

  1. Investment securities that had cost $5,350 were sold. The Year 2 income statement contained a loss on the sale of investment securities of $420.
  2. Equipment with a cost of $48,500 was purchased.
  3. The income statement showed a gain on the sale of equipment of $6,800. On the date of sale, accumulated depreciation on the equipment sold amounted to $7,200.
  4. A building that had originally cost $176,500 was demolished.
  5. Land that had cost $25,000 was sold for $20,200.

Required a. Determine the amount of cash flow for the purchase of investment securities during Year 2.

Cash flow for the purchase of investment securities

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