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Cullumber Corporation reported the following information (in thousands) at December 31, 2021: 2021 2020 Long-term investments $200 $95 Land 290 290 Buildings 330 330 Accumulated
Cullumber Corporation reported the following information (in thousands) at December 31, 2021:
2021 | 2020 | ||||
---|---|---|---|---|---|
Long-term investments | $200 | $95 | |||
Land | 290 | 290 | |||
Buildings | 330 | 330 | |||
Accumulated depreciationbuildings | 120 | 75 | |||
Equipment | 520 | 390 | |||
Accumulated depreciationequipment | 300 | 300 |
Additional information:
1. | The company purchased long-term investments during the year; none were sold. | ||
2. | The company purchased equipment during the year and sold some equipment that cost $200 and had a carrying amount of $80 for a gain of $30. |
Prepare the investing activities section of Cullumbers statement of cash flows for the year. (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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