Reference no: EM132764263
The following information is available for Tara Corporation:
(a) Equipment with a book value of $125,000 and an original cost of $220,000 was sold at a gain of $22,000.
(b) Paid $49,000 cash to purchase a new truck.
(c) Sold land costing $30,000 for $26,000, resulting in a $4,000 loss.
(d) Purchased treasury stock for $53,000 cash.
(e) Long-term investments in stock are sold for $41,000 cash, resulting in a $3,500 gain.
Required:
Problem 1: Use the above information to calculate the net cash provided or used by investing activities.
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