The following summary transactions occurred during the year for Daisy.

Cash received from:

Collections from customers $$386,000$

Interest on notes receivable $9,000$

Collection of notes receivable $56,000$

Sale of investments $33,000$

Issuance of notes payable $106,000$

Cash paid for:

Purchase of inventory $166,000$

Interest on notes payable $8,000$

Purchase of equipment $91,000$

Salaries to employees $96,000$

Payment of notes payable $28,000$

Dividends to shareholders $1,000$

Required:

Calculate net cash flows from investing activities. $($Amounts to be deducted should be indicated with a minus sign.$)$

Answer rating: 100% (QA)

The cash flows from investing activities typically include the cash transactions involve... View the full answer