Delorme Specialties reported the following at December 31, 2018 (in thousands):

Requirement

1. Determine the following items for Delorme Specialties during 2018:

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:

A1 A. 2018 2017 2 From the comparative balance sheet: Property and equipment, net Long-term notes payable 5 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 $ 11,200 4,400 $ 9,580 3,100 $ 1,950 (4,100) 830 1,200 (110) 389 9. 10 Issuance of common stock 11 12