Question: Where did I go wrongNext amount for cash received from sale equipment Use the following company information to calculate net cash provided or used by

Where did I go wrongNext amount for cash received from sale equipment

Where did I go wrongNext amount for cash received from sale equipment

Use the following company information to calculate net cash provided or used by investing activities. (a) Long-term investments were sold for $41,000 cash, yielding a gain of $20,150. (b) Paid $62,000 cash for new machinery. (c) Sold land costing $32,000 for $36,000 cash, yielding a $4,000 gain. (d) Equipment with a book value of $175,000 and an original cost of $300,000 was sold at a loss of $17,000. x Answer is complete but not entirely correct. Statement of Cash Flows (partial) Cash flows from investing activities Cash received from sale of long-term investments V $ 41,000 Cash paid for new machinery V (62,000) Cash received from sale of land 36,000 Cash received from sale of equipment 139,850 X Net cash provided by investing activities $ 154,850

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