Computing Net Cash Flow Investing Activities
Davis Inc., reported the following information for equipment:
|
|
12/31/2011
|
12/31/2010
|
|
Equipment
|
$160,000
|
$115,000
|
|
Accumulated depreciation
|
(85,000)
|
(59,000)
|
|
Long-term investment
|
18,610
|
10,000
|
In addition, Davis and equipment costing $12,500 with accumulated depreciation of $6,750 for $2,390 cash, producing a $3,360 loss. Davis reported net income for 2011 of $122,350.
Compute net cash flow from investing activities. Enter a negative cash flow as a negative number.