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During 20X1, Sanchez Company had the following transactions: Sold $199,700 of 10-year bonds issued by...

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Accounting

During 20X1, Sanchez Company had the following transactions: Sold $199,700 of 10-year bonds issued by Makenzie Inc. Acquired land valued at $69,000 in exchange for machinery. Sold equipment with original cost of $539,200 for $330,800; accumulated depreciation taken on the equipment to the point of sale was $180,900. Purchased new machinery for $119,200. Sold common stock in Lemmons Company for $54,000. Required: Question Content Area 1. Prepare the net cash from investing activities section of the statement of cash flows. (Note: Use a minus sign to indicate any decreases in cash or cash outflows.)

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