On january 1, year 1, a contractor began work on a $3.2 million construction contract that is expected to be completed in 3 years. the contractor concludes that it is appropriate to recognize revenue over time using the input method based on costs incurred (cost-to-cost method). at the inception date, the estimated cost of construction was $2.4 million. the following data relate to the actual and expected construction costs: year 1 year 2 year 3 costs incurred $720,000 $1,170,000 $1,110,000 expected future costs $1,680,000 $810,000 $0

The blumer company entered into the following transactions during 2012: 1. the company was started with $22,000 of common stock issued to investors for cash. 2. on july 1, the company purchased land that cost $15,500 cash. 3. there were $700 of supplies purchased on account. 4. sales on account amounted to $9,500. 5. cash collections of receivables were $5,500. 6. on october 1, 2012, the company paid $3,600 in advance for a 12-month insurance policy that became effective on october 1. 7. supplies on hand as of december 31, 2010 amounted to $225. the amount of cash flow from investing activities would be: