The statement of financial position of Company B showed that FV-NI investments had a beginning balance of $74,000 and an ending balance of $90,000. During the year, short-term investments accounted for at FV-NI with a carrying value of $25,000 were sold and additional FV-NI investments were purchased. The income statement for the year showed a gain on disposal of FV-NI investments of $10,000 and an unrealized loss on FV-NI investments of $3,000.

Required:

1.Calculate the cash inflow from the sale of FV-NI investments during the year (2 marks):

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2. Calculate the cash outflow from the purchase of FV-NI investments during the year (2 marks):

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