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QUESTION

Calculate the cash flows from investing activities based on the following information.

Calculate the cash flows from investing activities based on the following information.

Cash received from customers

$67,550

Cash paid to suppliers

24,000

Purchase of equipment

230,000

Income tax paid

2,800

Payment of dividends

115,000

Proceeds from sale of machinery

105,000

Interest paid

1,500

Proceeds from issue of long-term debt

84,000

Purchase of stocks

87,500

Receipts from sale of equity instruments

177,300  $(35,200)  $39,250  $(31,000)  $125,000

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