During 2020, Sunland Ltd. sold a piece of equipment that was 25% depreciated. The equipment originally cost Sunland $156,000 and Sunland recorded a $20,000 gain on the disposal. Sunland's opening balance in equipment was $1,820,000, and the closing balance on December 31, 2020, was $1,944,000. Prepare the investing activities section of Sunland's statement of cash flows. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) Sunland Corporation Partial Statement of Cash Flows For the Year Ended December 31, 2020 Cash Flows from Investing Activities Sale of Equipment Purchase of Equipment Net Cash Used by Investing Activities +A $ A 119,000 280,000 161,000