The following information was extracted from the records of Dolphin Ltd for the year ended 30 June 20X1

Cost of equipment that was sold: $600,000

Accumulated depreciation for equipment that was sold: $270,000

Cost of equipment that was purchased: $550,000

Gain on sale of equipment: $40,000

Required:

Write in the box below the net cash used for investing activities for the year ended 30 June 20X1