Question: Wainwright Corporation had the following activities in 2014.
1. Sale of land $185,040
2. Purchase of inventory $858,920
3. Purchase of treasury stock $67,580
4. Purchase of equipment $357,130
5. Issuance of common stock $325,130
6. Purchase of available-for-sale securities $56,440
Compute the amount Wainwright should report as net cash provided (used) by investing activities in its statement of cash flows. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)