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Laker Company Has Provided the Following Information for Its Most

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Laker Company has provided the following information for its most recent year of operation:
Cash collected from customers totaled $99,300.
Cash borrowed from banks totaled $42,700.
Cash paid to employees totaled $23,300.
Cash paid for interest totaled $3,100.
Cash received from selling an investment in Husky stock totaled $73,000.
Cash payments to banks for repayment of money borrowed totaled $9,700.
Cash paid for operating expenses totaled $11,200.
Land costing $75,000 was sold for $75,000 cash.
Cash paid for dividend payments to stockholders totaled $7,700.
Calculate Laker's net cash flow from investing activities.


Definitions:

Methyl Shift

A rearrangement reaction where a methyl group in a molecule moves from one carbon atom to an adjacent carbon.

Zaitsev's Rule

A rule in organic chemistry that predicts the more substituted alkene as the major product in elimination reactions.

Organic Product

An organic product is a chemical substance or material produced as a result of organic chemistry, primarily involving carbon-based compounds.

Synthetic Steps

The individual reactions that occur in sequence during the synthesis of a compound.

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