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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 $ 34,000 $

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

Account Title Year 2 Year 1
Investment securities $ 34,000 $ 29,700
Equipment 234,000 209,000
Buildings 846,500 950,500
Land 82,000 66,000

Additional information regarding transactions occurring during Year 2:

1. Investment securities that had cost $5,480 were sold. The Year 2 income statement contained a loss on the sale of investment securities of $530. 2. Equipment with a cost of $48,000 was purchased. 3. The income statement showed a gain on the sale of equipment of $6,900. On the date of sale, accumulated depreciation on the equipment sold amounted to $6,700. 4. A building that had originally cost $164,000 was demolished. 5. Land that had cost $25,900 was sold for $21,000.

g. Prepare the investing activities section of the Year 2 statement of cash flows. (Cash outflows should be indicated with a minus sign.)

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MASS TRADING 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 0

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