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QS 16-8 Computing cash flows from investing LO P3 Sale of short-term investments $ 7,700 Cash...

QS 16-8 Computing cash flows from investing LO P3

Sale of short-term investments $ 7,700
Cash collections from customers 20,300
Purchase of used equipment 6,700
Depreciation expense 2,500

Compute cash flows from investing activities using the above company information. (Amounts to be deducted should be indicated by a minus sign.

Investing Activities
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Cash Flows from Investing Activities:
Sale of short-term investments            7,700.00
Purchase of used Equipment          (6,700.00)
Net Cash flows from Investing Activities            1,000.00
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