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Sheridan Corporation had the following activities in 2020.
1. Sale of land $172,000
2. Purchase of inventory $870,000
3. Purchase of treasury stock $73,000
4. Purchase of equipment $394,000
5. Issuance of common stock $321,000
6. Purchase of available-for-sale debt securities $57,000
Compute the amount Sheridan should report as net cash provided (used) by investing activities in its 2020 statement of cash flows. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)
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