Christopher Bozine, Inc. reported net income of $44,000 for the year ended December 31, 2016...
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Christopher Bozine, Inc. reported net income of $44,000 for the year ended December 31, 2016 Included in net income were depreciation expense of $8,400 and a gain on sale of equipment of $1,700. The equipment had an historical cost of $40,000 and accumulated depreciation of $24,000. Each of the following accounts increased during 2016: Patents $5,500 Prepaid rent $6,800 Available-for-sale securities $2,000 Bonds payable $5,000 What is the amount of cash provided by or used by investing activities for Bozine Inc. for the year ended December 31, 2015?
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