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Below is selected information for Riverbed Corporation for December 31. All purchases were paid for by cash. Land was sold for cash at a loss
Below is selected information for Riverbed Corporation for December 31. All purchases were paid for by cash. Land was sold for cash at a loss of $4,100. Equipment with a cost of $52,000 and accumulated depreciation of $41,600 was sold for cash at a gain of $2,000. No other transactions occurred 2018 2017 Land $102,000 $270,000 Buildings 160,000 72,000 Accumulated Depreciation Buildings 45,100 36,000 Equipment 123,000 175,000 Accumulated Depreciation Equipment 49,200 91,000 Prepare the investing activity section of the statement of cash flows for the year ended December 31, 2018. (Show amounts that decrease cash flow with either a sign e.g. -15,000 or in parenthesis e.g. (15,000).) RIVERBED CORPORATION Statement of Cash Flows (partial) Cash flows from investing activities Net cash by investing activities $
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