Selected information follows for Cathrea Select Corporation at December 31:

Additional information:

1. Land was sold for cash at a gain of $35,000.

2. Equipment was bought for cash.

Prepare the investing activities section of the cash flow statement.

Transcribed Image Text:

2021 2020 Land $180,000 250,000 (55,000) 237,000 (86,000) Buildings Accumulated depreciation-building Equipment Accumulated depreciation-equipment (45,000) 148,000 (78,000)