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$4$

Exercise $4-17($Algo$)$ Calculate investing cash flows $($LO$4-7)$

$2$

Below are cash transactions for Goldman Incorporated, which provides consulting services related to mining of precious metals.

points

Required:

Calculate cash flows from investing activities. $($List cash outflows as negative amounts.$)$

$\backslash$table$[[,$Amount Included in Investing Cash Flows$],[$a$.$ Cash used for purchase of office supplies, $$1,750.,$$$,0],[$b$.$ Cash provided from consulting to customers, $$44,100.,,0],[$c$.$ Cash used for purchase of mining equipment, $$70,000.,,0],[$d$.$ Cash provided from long$-$term borrowing, $$57,000.,,57000],[$e$.$ Cash used for payment of employee salaries, $$23,700.,,0],[$f$.$ Cash used for payment of office rent, $$11,700,,0],[$g$.$ Cash provided from sale of equipment purchased in c$.$ above, $$22,200.,,0],[$h$.$ Cash used to repay a portion of the long$-$term borrowing in d$.$ above, $$38,500.,,(36000)],[$i$.$ Cash used to pay office utilities, $$4,000.,,0],[$j$.$ Purchase of company vehicle, paying $$9,700$ cash.,,$0],[$Cash flows from investing activities,$$,16,000]]$