Washington Co. bought land for $75,000 cash, sold equipment for $15,000 cash, bought a building for $150,000 with a mortgage, and purchased treasury stock for cash at a cost of $50,000. What is the net effect in the investing section on the statement of cash flows? An increase of $60,000 A decrease of $260,000 A decrease of $110,000 A decrease of $60,000 None of these are correct