At the end of the year, Providence Properties€™ statement of cash flows reported the following for investing activities:

Requirement
1. For each item listed, make the journal entry that placed the item on Providence€™s statement of cashflows.

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Providence Properties Consolidated Statement of Cash Flows (Partial) Cash flows from Investing Activities Notes receivable collected Purchases of short-term investments Proceeds from sales of equipment Proceeds from sales of investments (cost of $410,000) Expenditures for property and equipment $ 3,108,000 (3,451,000) 1,419.000* 418,000 (1,741,000) $ (247,000) Net used by investing activities