Determine amount of cash provided by or used for investing

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Reference no: EM13140622

Old Alabama Company purchased investments for $ 45,000 and plant assets for $ 127,000 dur-ing the current year, during which it also sold plant assets for $ 66,000, at a gain of $ 6,000. The company also purchased treasury stock for $ 78,000 and sold a new issue of common stock for $ 523,000. Determine the amount of cash provided by or used for investing activities for the year.

Reference no: EM13140622

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