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Compute the amount wainwright should report as net cash

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Reference no: EM133183934

Question - Wainwright Corporation had the following activities in 2020.

1. Sale of land $180,000.

2. Purchase of inventory $845,000.

3. Purchase of treasury stock $72,000.

4. Purchase of equipment $415,000.

5. Issuance of common stock $320,000.

6. Purchase of available-for-sale debt securities $59,000.

Required - Compute the amount Wainwright should report as net cash provided (used) by investing activities in its 2020 statement of cash flows.

Reference no: EM133183934

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