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The following selected account balances were taken from Z6Yd Company's 2024 accounting records: January 1, 2024 December 31, 2024 Investments $36,000 $51,000 Accounts receivable $47,000
The following selected account balances were taken from Z6Yd Company's 2024 accounting records: January 1, 2024 December 31, 2024 Investments $36,000 $51,000 Accounts receivable $47,000 $28,000 Retained earnings $29,000 $43,000 Accounts payable $22,000 $56,000 Unearned revenue $11,000 $19,000 Common stock $65,000 $84,000 Inventory $59,000 $51,000 Land $33,000 $74,000 Z6Yd Company's income statement for 2024 appears below: Sales revenue $249,000 Cost of goods sold $173,000 Loss on sale of land $ 16,000 Net income $ 60,000 During 2024, Z6Yd Company purchased land by paying $62,000 cash. Calculate Z6Yd Company's net cash flow from investing activities for 2024. If your answer is negative, place a minus sign in front of your answer with no spaces in between (e.g., -1234).
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