Martin Company reported the following financial statements for 2011 and 2012:

Compute the following investing cash flows:
a. Purchases of plant assets (all were for cash). There were no sales of plant assets.
b. Proceeds from the sale of investments. There were no purchases of investments.

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Martin Company Income Statement For Year Ended December 31, 2012 Sales revenue $4,830,000 2,840,000 $1,990,000 Cost of goods sold Gross Operating expenses: Salaries and wage expense Insurance expense Depreciation expense Other operating expenses Operating Other income and expenses Interest expense Income before taxes Income tax expensc Net income $330,000 15,000 74,000 23,000 542,000 $1,448,000 6,900 $1,441,100 403,000 $1,038,100 Martin Company Balance Sheets As of December 31, 2012 and 2011 2012 Assets Current assets: Cash and cash equiva Accounts receiva S 582,000 468,000 16,000 250,000 4,700 $1,591,700 $ 738,700 1,220,000 1,110,000 275,000)(201,000) 45,000_69,000 $2,581,700 $1,716,700 75,000 930,000 4,700 Prepaid insurance Total current assets Property, plant, and equipment Less: Accumulated depreciation Investments Total assets Liabilities Current liabilities: Accounts payable (inventory purchases) Salaries payable Interest payable Taxes pay Other accrued operating expenses 29,000 44,000 15,000 5,500 33,000 17,000 S 343,800 114,500 80,000 S 407,800 194,500 14,000 2,800 270,000 28,000 able Total current liabilities Bonds payable Total liabilities 64,000 Stockholders' equity Retained earnings Total stockholders' equity Total liabilities and equity 722,000 779,000 451,900 743,200 $2,173,900 $1,522,200 $2,581,700 $1,716,700