Question
Below is selected information for Swifty Corporation for December 31. All purchases were paid for with cash. No buildings were sold during the year, but
Below is selected information for Swifty Corporation for December 31. All purchases were paid for with cash. No buildings were sold during the year, but buildings were purchased during the year. Land was sold for cash at a loss of $4,500. Equipment with a cost of $54,000 and accumulated depreciation of $43,200 was sold for cash at a gain of $2,600. No other transactions involving property, plant, and equipment occurred. 2022 2021 Land $103,000 $260,000 Buildings 150,000 78,000 Accumulated Depreciation Buildings 48,400 39,000 Equipment 141,000 195,000 Accumulated Depreciation Equipment 56,400 101,400 Prepare the investing activity section of the statement of cash flows for the year ended December 31, 2022. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).).
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