Deliberate speed corporation (dsc) was incorporated as a private company. the company's accounts included the following at june 30: accounts payable $20,600buildings 92,000cash 60,250 common stock 205,000equipment 157,500land 207,000notes payable (long-term) 3,400retained earnings 404,250supplies 16,500 during the month of july, the company had the following activities: (a) issued 4,200 shares of common stock for $420,000 cash. (b) borrowed $194,000 cash from a local bank, payable in two years. (c) bought a building for $265,250; paid $97,250 in cash and signed a three-year note for the balance. (d) paid cash for equipment that cost $282,000. (e) purchased supplies for $37,250 on account.

Sailcloth & more currently produces boat sails and is considering expanding its operations to include awnings for homes and travel trailers. the company owns land beside its current manufacturing facility that could be used for the expansion. the company bought this land 5 years ago at a cost of $319,000. at the time of purchase, the company paid $24,000 to level out the land so it would be suitable for future use. today, the land is valued at $295,000. the company has some unused equipment that it currently owns valued at $38,000. this equipment could be used for producing awnings if $12,000 is spent for equipment modifications. other equipment costing $490,000 will also be required. what is the amount of the initial cash flow for this expansion project?