Stevens Studios engaged in the following activities during the year:

• Purchased 100 shares of Monk Industries for $12,000

• Sold 50 shares of Hinson Healthcare for $2,000

• Purchased new equipment costing $70,000 for $20,000 cash and a $50,000 note payable

• Sold equipment with a book value of $50,000 for $35,000

Required

Prepare the cash flows provided by investing activities section of Stevens Studios' statement of cash flows.