미해결 질문
Spooky Company is preparing its Statement of Cash Flows and gathered the following information:
- Since the previous year:the cash account increased by \$35,000, land increased by \$40,000, Equipment decreased by \$15,000, Accumulated Depreciation – Equipment increased by \$6,000, and Bonds Payable increased by \$100,000
- Depreciation expense for Equipment totaled \$16,000.
- Equipment with a purchase price of \$15,000 was sold for a \$2,000 gain.
- Spooky loaned \$24,000 to Witch Company signing a long-term note receivable.
- Spooky declared and paid dividends of \$32,000. Net income was \$420,000.
What is Spooky Company's net cash flow from investing activities?
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