2. On January 1, 2016, Solomon Company had a balance of $265,500 in its Land account. During 2016, Solomon sold land that had cost $93,000 for $148,500 cash. The balance in the Land account on December 31, 2016, was $283,500.

A. Determine the cash outflow for the purchase of land during 2016. = ________

B. Prepare the investing activities section of the 2016 statement of cash flows. (Cash outflows should be indicated with minus sign.)

cash flow from investing activities
net cash flow from investing activities

Gibson Incorporated presents its statement of cash flows using the indirect method. The following accounts and corresponding balances were drawn from the company's 2017 and 2016 year-end balance sheets: Account Title Accounts receivable $13,600 $17,100 Accounts payable 7,ese $ie,880 2017 2016 The 2017 income statement showed net income of $27,500. Required a. Prepare the operating activities section of the statement of cash flows. (Amounts to be deducted should be indicated with minus sign.) Cash flows from operating activities Net cash fow from operating aclvities Net cash flow from operating activities 0