Motorsports of Miami, Inc., reported the following financial statements for 2010:
Motorsports of Miami, Inc.
Income Statement
Year Ended December 31, 2010
(In thousands)
Service revenue......................... $770
Cost of goods sold.................... 330
Salary expense.......................... 40
Depreciation expense ............... 30
Other expenses......................... 170
Total expenses.......................... 570
Net income .............................. $200

Compute the following investing cash flows: (Enter all amounts in thousands.)
a. Acquisitions of plant assets (all were for cash). Motorsports of Miami sold no plant assets.
b. Proceeds from the sale of investments. Motorsports of Miami purchased noinvestments.

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Motorsports of Miami, Inc. Comparative Balance Sheets December 31, 2010 and 2009 (In thousands) Assets Current 2010 2009 Liabilities Current: 2010 2009 Cash Accounts receivable... Inventory Prepaid expense $ 28 $ 11 54 43 77 89 Accounts payable.. 48 43 24 19 54 26 16 69 Accrued liabilities 6 5 Long-term notes payable Long-term investments. Plant assets, net 54 79 229 188 Stockholders' Equity Common stock Retained earnings Total 48 38 241 $448 $415 $448 으 $415 Total