Reference no: EM132490334
Flow Company has provided the following information for the year ended December 31, 2019:
Point 1: Cash paid for interest, $22,000
Point 2: Cash paid for dividends, $6,400
Point 3: Cash dividends received, $4,400
Point 4: Cash proceeds from bank loan, $33,000
Point 5: Cash purchase of treasury stock, $13,000
Point 6: Cash paid for equipment purchase, $29,000
Point 7: Cash received from issuance of common stock, $39,000
Point 8: Cash received from sale of land with a $34,000 book value, $26,600
Point 9: Acquisition of land costing $53,000 in exchange for preferred stock issuance.
Point 10: Payment of $120,000 note payable by exchanging used machinery with a $79,000 book value and $120,000 fair value
Question 1: How much was Flow's net cash flow from investing activities?