Selected information follows for Cathrea Select Corporation at December 31:
2014 2013
Land.....................................................$ 95,000...............$ 180,000
Buildings................................................250,000..................250,000
Accumulated depreciation-buildings..............(55,000) ............... (45,000)
Equipment...............................................237,000.................148,000
Accumulated depreciation-equipment............(86,000) ............... (78,000)
Additional information:
1. Land was sold for cash at a gain of $35,000.
2. Equipment was bought for cash.
3. Equipment with a cost of $58,000 and a carrying amount of $18,000 was sold at a gain of $5,000.
Prepare the investing activities section of the cash flow statement.