Current Attempt in Progress Sunland Inc. is a private company reporting under ASPE. The following selected account balances were reported in Sunland Inc.'s financial statements at year end: 2024 2023 Cash Building Equipment $20,795 $9,400 799.000 705,000 369,420 319.600 Land 94,000 56,400 Accumulated depreciation-building 289.050 282,000 Accumulated depreciation-equipment 116,560 88,360 Dividends payable 5.875 2.350 Mortgage payable 512.300 549.900 Notes payable 319.600 291,400 248.5en 643 900 Question 11 of 14 < > Accumulated depreciation-building 289,050 282,000 Accumulated depreciation-equipment 116,560 88.360 Dividends payable 5.875 2,350 Mortgage payable 512.300 549,900 Notes payable 319,600 291,400 Common shares: 46,000 shares in 2024; 40,000 in 2023 758,580 643,900 Retained earnings 188.000 94,000 Cash dividends declared 23.500 9,400 Depreciation expense-buildings 23,500 39,950 Depreciation expense-equipment 46.180 25,380 Gain on sale of equipment 940 0 Loss on sale of building 9,400 0 Interest expense 45.355 42,065 Additional information: Purchased $70.500 of equipment for $9.400 cash and a note navable for the remainder. Q Search 1.9 Question 11 of 14 < > Depreciation expense-buildings Depreciation expense-equipment Gain on sale of equipment Loss on sale of building 23,500 39,950 46,180 25,380 940 0 9,400 0 Interest expense 45,355 42,065 Additional information: 1. Purchased $70,500 of equipment for $9,400 cash and a note payable for the remainder. 2. Equipment was also sold during the year. 3. Sold a building that originally cost $47.000. 4. Used cash to purchase land and a building. 5. Mortgage payments and notes payable payments included interest and principal amounts. 6 Common shares were issued for cash. 1.93/15 3. Sold a building that originally cost $47,000. 4. Used cash to purchase land and a building. 5. Mortgage payments and notes payable payments included interest and principal amounts. 6. Common shares were issued for cash. (a) Your answer is partially correct Determine the amount of any cash inflows or outflows related to investing activities in 2024. (Hint: Use T accounts to calculate the cash flows.) (Show amounts that decrease cash flow with either a-sign eg.-15,000 or in parenthesis eg. (15,000))" SUNLAND INC. Cash Flow Statement (Partial) Year Ended December 31, 2024 Investing Activities Q Search r a O D ENG US