Brief Exercise 11 30 (Algorithmic) Determining Net Cash Flow from Investing Activities Orlando Inc reported the following information 12 31 2019 12 31 2018 Furniture $46,000 $32,000 Accumulated depreciation 15,900 12,500 Investment (long term) 38,000 50,000 In addition, Orlando sold furniture costing $12,000 with accumulated depreciation of $6,600 for $6,260 Orlando also reported a $1,600 gain on the sale of long term investments Required Compute net cash flow from investing activities Use a minus sign to indicate negative cash flows (outflows) $

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Question: Brief Exercise 11-30 (Algorithmic) Determining Net Cash Flow from Investing Activities Orlando Inc. reported the following information: 12/31/2019 12/31/2018 Furniture $46,000 $32,000 Accumulated depreciation 15,900

Brief Exercise 11-30 (Algorithmic) Determining Net Cash Flow from Investing Activities

Orlando Inc. reported the following information:

	12/31/2019	12/31/2018
Furniture	$46,000	$32,000
Accumulated depreciation	15,900	12,500
Investment (long-term)	38,000	50,000

In addition, Orlando sold furniture costing $12,000 with accumulated depreciation of $6,600 for $6,260. Orlando also reported a $1,600 gain on the sale of long-term investments.

Required:

Compute net cash flow from investing activities. Use a minus sign to indicate negative cash flows (outflows). $

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