Salud Company reports the following information. Use the indirect method to prepare only the operating

Salud Company reports the following information. Use the indirect method to prepare only the operating activities section of its statement of cash flows for the year ended December 31, 2015. (Amounts to be deducted should be indicated with a minus sign.)

Selected 2015 Income Statement Data			Selected Year-End 2015 Balance Sheet Data
Net income	$490,000		Accounts receivable increase	$44,800
Depreciation expense	87,500		Prepaid expenses decrease	12,600
Gain on sale of machinery	20,000		Accounts payable increase	8,400
			Wages payable decrease.	2,200

a.	Equipment with a book value of $83,000 and an original cost of $163,000 was sold at a loss of $34,000.
b.	Paid $109,000 cash for a new truck.
c.	Sold land costing $320,000 for $405,000 cash, yielding a gain of $85,000.
d.	Long-term investments in stock were sold for $92,800 cash, yielding a gain of $15,500.

   

Use the above information to determine this company's cash flows from investing activities. (Amounts to be deducted should be indicated with a minus sign.)

Explanation:

Cash received from sale of equipment = Book value − loss = $83,000 − $34,000 = $49,000