Telder Amusement Park issued common stock for $650,000 on January 1,2012.The company bought fixed assets for $435,000 cash and inventory for $50,000 cash.Later that same year,the company sold fixed assets for $10,000 more than their book value of $65,000.Half of the inventory was sold for $98,350 during the year.On December 15,cash was used to purchase $49,000 worth of Allen Food Services common stock,which Telder regarded as a long-term investment.Prepare the cash flows from investing activities of the statement of cash flows for Telder Amusement Park.

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The Answer of Telder Amusement Park issued common stock for $650,000 on January 1,2012.The company bought fixed assets for $435,000 cash and inventory for $50,000 cash.Later that same year,the company sold fixed assets for $10,000 more than their book value of $65,000.Half of the inventory was sold for $98,350 during the year.On December 15,cash was used to purchase $49,000 worth of Allen Food Services common stock,which Telder regarded as a long-term investment.Prepare the cash flows from investing activities of the statement of cash flows for Telder Amusement Park.

Telder Amusement Park Issued Common Stock for $650,000 on January