Answer:
net cash flow used $306,000
Explanation:
The cash flow statements show the activities of the entity in relation to cash movement under 3 groups namely; Operating, Investing and Financing activities.
1. Sale of land $186,000 - Investing
4. Purchase of equipment $428,000 - Investing
2. Purchase of inventory $923,000 - Operating
5. Issuance of common stock $332,000 - Financing
3. Purchase of treasury stock $68,000 - Financing
6. Purchase of available-for-sale debt securities 64,000 - Investing
Net cash provided (used) by investing activities in its 2020 statement of cash flows
= $186,000 - $428,000 - $64,000
= -$306,000
This is a net cash flow used $306,000
