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Patterson Company has provided information concerning items taken from its financial statements to assist you...

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Accounting

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Patterson Company has provided information concerning items taken from its financial statements to assist you in preparing its statement of cash flows, direct method: 1. Paid salaries of employees, $69,000. 2. Borrowed money by issuing a three-year note, $209,000. 3. Billed clients for work previously completed, $16,000. 4. Proceeds from sale of land, $284,000. 5. Purchased equipment with cash, $251,000. 6. Proceeds from sale of subsidiary, $300,000. Required: From the information given, calculate the net amount of cash from investing activities or the net amount of cash used for investing activities. Cash received $ Cash used x 3

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