Wainwright Corporation had the following activities in 2019. 1. Sale of land $180,000. 2. Purchase of inventory

Question:

Wainwright had the following activities in 2019.
1. Sale of land $180,000.
2. Purchase of inventory $845,000.
3. Purchase of treasury shares $72,000.
4. Purchase of equipment $415,000.
5. Issuance of ordinary shares $320,000.
6. Purchase of investments-equity $59,000.
Compute the amount Wainwright should report as net cash provided (used) by investing activities in its statement of cash flows.
Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...