The following transactions occurred at Signal Company in 2022. Use this information to compute the company’s net cash flow from investing activities.
1. The company purchased a new building for $450,000. A down payment of $50,000 was made. The balance is due in four equal annual installments (plus interest) beginning July 1, 2023.
2. The company bought 1,000 shares of its own common stock for $25,000.
3. The company purchased as an investment $60,000 par value of Lakeside Company’s 8 percent bonds, maturing in five years. The purchase price was $57,000.