2018 2017 Long-term investments Land $190 250 300 $100 250 300 Buildings Accumulated depreciation-buildings Equipment 500 200 Accumulated depreciation-equipment 370 200 Additional information: 1. Long-term investments were purchased during the year; none were sold. 2. Equipment was purchased during the year. In addition, equipment with a cost of $200 and a carrying amount of $40 was sold at a gain of $20. Prepare the investing activities section of Blossom's statement of cash flows for the year. (Show amounts that decrease cash flow with either a sign ..12 BLOSSOM CORPORATION Statement of Cash Flows (Partial) ($ in thousands) Investing activities Sale of long-term investments Purchase of land Purchase of long-term investments Sale of buildings Disposal of equipment Sale of land Purchase of buildings Purchase of equipment eTextbook and Media Save for Later Condensed net income and cash flow information follow for three companies operating in Net income Net cash provided (used) by operating activities Net cash provided (used) by investing activities Net cash provided (used) by financing activities Net increase in cash Company A Company B Company C $73,000 $34,000 $(68,000) 150,000 (34,000) (34,000) (65,000) (34,000) 44,000 (27,000 ) 126,000 48,000 58,000 58,000 58,000 Assuming each company has the same amount of depreciation expense, which company is be Best at managing its noncash working capital eTextbook and Media Assuming each company has the same amount of depreciation expense, which company is best at managing its noncash working capital? Best at managing its noncash working capital eTextbook and Media Which company is most likely to have sufficient cash flows to pay down debt or pay out dividends? Sufficient cash flows to pay down debt or pay out dividends eTextbook and Media Which company is more capable of growing the size of its business operations? Capable of growing the size of its business operations eTextbook and Media