Hoffman Enterprises engaged in the following activities during the year:
• Purchased 100 shares of Monk Industries for $42,000
• Sold 50 shares of Hinson Healthcare for $9,000
• Purchased new equipment costing $80,000 for $15,000 cash and a $65,000 note payable
• Sold equipment with a book value of $50,000 for $45,000
Required
Prepare the cash flows provided by investing activities section of Hoffman Enterprises' statement of cash flows.