Autos of Red Dcer Inc. reported the following financial statements for 2020:

Compute the following investing cash flows:

a. Acquisitions of plant and equipment (all were for cash). Autos of Red Deer sold no plant and equipment

b. Proceeds from the sale of investments. Autos of Red Deer purchased no investments,

Transcribed Image Text:

1 2 (in thousands) 3 Sales revenue A Autos of Red Deer Inc. Income Statement For the Year Ended December 31, 2020 4567 Cost of goods sold Salary expense Depreciation expense Other expenses 8 Total expenses 9 Net income 10 B C $ 710 340 70 20 130 560 $ 150