In preparing its statement of cash flows for the year ended December 31, 2019, Coronado Company collected the following data:
12/31/19
12/31/18
Increase (Decrease)
Land
$640,000
$700,000
$ (60,000)
Equipment
250,000
100,000
150,000
Accumulated Depreciation
105,000
65,000
40,000
Bonds Payable
175,000
245,000
(70,000)
Additional information:
1. In 2019, net income was $100,000 and depreciation expense was $40,000.
2. Land was sold at book value for $60,000 cash.
3. Equipment was purchased for $150,000 cash.
4. No equipment was sold during the year.
5. Bonds payable principal of $70,000 was redeemed for cash.
The net cash provided (used) by investing activities in 2019 is
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