Use the following information from Artizan, Inc. to prepare the investing activities section of the statement of cash flows for May

Beginning cash balance $21,470
Ending cash balance 63,735
Net change in accounts receivable 1,800
Net change in inventory (2,675 )
Net change in accounts payable (890 )
Depreciation expense 8,000
Net income 23,450
Cash paid for dividends 625
Cash received from a loan 9,000
Purchase of treasury of stock 3,780
Cash received from sale of studio equipment 6,235

Artizan, Inc.
Statement of Cash Flows
For the Month Ended May 31, 2011
Cash flows from investing activities:
Cash received from sale of studio equipment $6,235
Net cash from investing activities $6,235