Problem
Below are cash transactions for Goldman Incorporated, which provides consulting services related to mining of precious metals.
• Cash used for purchase of office supplies, $2,400.
• Cash provided from consulting to customers, $50,600.
• Cash used for purchase of mining equipment, $83,000.
• Cash provided from long-term borrowing, $70,000.
• Cash used for payment of employee salaries, $25,000.
• Cash used for payment of office rent, $13,000.
• Cash provided from sale of equipment purchased in c. above, $23,500.
• Cash used to repay a portion of the long-term borrowing in d. above, $45,000.
• Cash used to pay office utilities, $5,300.
• Purchase of company vehicle, paying $11,000 cash.
Task
Calculate cash flows from investing activities. (List cash outflows as negative amounts.)