Compute the amount wainwright should report

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Reference no: EM132083248

Question: Wainwright Corporation had the following activities in 2014.

1. Sale of land $185,040

2. Purchase of inventory $858,920

3. Purchase of treasury stock $67,580

4. Purchase of equipment $357,130

5. Issuance of common stock $325,130

6. Purchase of available-for-sale securities $56,440

Compute the amount Wainwright should report as net cash provided (used) by investing activities in its statement of cash flows. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)

Reference no: EM132083248

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