Reference no: EM132563577

The following selected account balances were taken from ZZ, Inc.'s general ledger at January 1, 2019 and December 31, 2019:

                                       January 1, 2019                  December 31, 2019

Accounts receivable                     42,000                             34,000
Inventory                                   25,000                                28,000
Accounts payable                        25,000                                 17,000
Salaries payable                           1,000                                   5,000
Investments                                22,000                               50,000
Land                                          76,000                                 79,000
Note payable                                200,000                            174,000
Common stock                                100,000                         183,000
Retained earnings                                37,000                           94,000

The following information was taken from ZZ, Inc.'s 2019 income statement:

Sales revenue $265,000
Cost of goods sold 148,000
Salaries expense 69,000
Gain on sale of investments 34,000
Net income $ 82,000

It is known that during 2019 ZZ, Inc. purchased investments for $31,000 cash.

Question 1: Calculate the net cash flow from investing activities for 2019. If your answer is negative, place a minus sign in front of your answer with no spaces in between (e.g., -1234)