Crane company reported net income of 87000 for the year ended December 31st 2021. Included in net
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Question:
Crane company reported net income of 87000 for the year ended December 31st 2021. Included in net income were depreciation expense of 16300 and a gain on sale of equipment of 3,000. The equipment had an historical cost of 79000 an accumulated depreciation of 47000 each of the following accounts increased during 2021:
land 10000
prepaid rent 13000
available for sale securities 1500
bonds payable 9500
what is the amount of cash provided by or used by investing activities for crane co. for the year ended dec 31, 2021?
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