Question: Use the information below to answer the question. Proceeds from the sale of marketable securities $160,000 Purchase of land (250,000) Proceeds from the sale of

Use the information below to answer the question. Proceeds from the sale of marketable securities $160,000 Purchase of land (250,000) Proceeds from the sale of land 125,000 Net cash provided by investing activities $35,000 Lesters income statement for 2009 includes the following: Loss on the sale of marketable securities $47,000 Gain on the disposal of land 65,000 Lesters balance sheet at the end of 2013 showed investment in marketable securities at $250,000. On the basis of the data presented above, compute the amount to be reported for investment in marketable securities in Lester Corporations balance sheet at December 31, 2014. $43,000 $110,000 $137,000 $253,000

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