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During 2020, Blaine Company sold a building with a book value of S145,000 for proceeds of $175,000. The company also sold long-term investments for proceeds

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During 2020, Blaine Company sold a building with a book value of S145,000 for proceeds of $175,000. The company also sold long-term investments for proceeds of $32,000. The company purchased land and a new building for $320.000 by signing a long term note payable No other transactions impacted long-term asset accounts during 2020. Net cash inflows from investing activities this period are $207,000 O True False

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