Delorme Specialties reported the following at December 31, 2021 (in thousands): 

Requirement

Determine the following items for Delorme Specialties during 2021:

a. Gain or loss on the sale of property and equipment

b. Amount of long-term debt issued for something other than cash.

Transcribed Image Text:

1 2 3 4 5 56789ULL 10 11 12 12 A1 From the comparative balance sheet: Property and equipment, net Long-term notes payable From the statement of cash flows: Depreciation Capital expenditures Proceeds from sale of property and equipment Proceeds from issuance of long-term note payable Payment of long-term note payable Issuance of common stock B 2021 $ 11,200 4,400 $ 1,950 (4,100) 830 1,200 (110) 389 2020 $ 9,580 3,100