During the year, Roberts Company sold equipment with a book value of $140,000 for $190,000 (original

During the year, Roberts Company sold equipment with a book value of $140,000 for $190,000 (original purchase cost of $240,000). New equipment was purchased. Roberts provided the following comparative balance sheets: Roberts Company Comparative Balance Sheets At December 31, 20X1 and 20X2 20X1 20X2 Long-Term Assets: Plant and equipment…………………..$1,100,000……$1,075,000 Accumulated depreciation………………(300,000) …….(635,000) Land………………….. …………………(500,000) …….(718,750) Required: Calculate the investing cash flows for the current year.