During the year, Roberts Company sold equipment with a book value of $140,000 for $190,000 (original purchase cost of $240,000). New equipment was purchased.

Roberts provided the following comparative balance sheets:

Roberts Company

Comparative Balance Sheets

At December 31, 20X1 and 20X2

20X1 20X2

Long-Term Assets:

Plant and equipment.......................$1,100,000......$1,075,000

Accumulated depreciation..................(300,000) .......(635,000)

Land....................... .....................(500,000) .......(718,750)

Required:

Calculate the investing cash flows for the current year.