10 Jan During the year, Roberts Company sold equipment wi
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.