At the end of the year, Blue Chip Properties Ltd.'s statement of cash flows reported the following for investment activities:

Requirement
For each item listed, make the journal entry that placed the item on Blue Chip's statement of cash flows.

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Blue Chip Properties Ltd Consolidated Statement of Cash Flows (Partial) Cash Flows from Investing Activities $ 3,110,000 (3,457,000) ,409,000 461,000 (1,761,000) $ (238,000) stments. Proceeds from sales of equipment. Proceeds from sales of investments (cost of $450,000) Expenditures for property, plant, and equipment Net cash used by investing activities Cost $5,100,000, Accumulated depreciation, $3,691,000