Use the above information to determine this company’s cash flows from investing activities.

a.    Equipment with a book value of $65,300 and an original cost of $133,000 was sold at a loss of $14,000.
b.    Paid $89,000 cash for a new truck.
c.    Sold land costing $154,000 for $198,000 cash, yielding a gain of $44,000.
d.    Long-term investments in stock were sold for $60,800 cash, yielding a gain of $4,150.
 
Use the above information to determine this company’s cash flows from investing activities. (Amounts to be deducted should be indicated with a minus sign.)

Explanation:

Cash received from sale of equipment = Book value − loss = $65,300 − $14,000 = $51,300