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first phase of the three step writing process MacDonald Corporation reported the following information (in thousands) at December 31, 2021. 2021 2020 Accounts receivable $150

first phase of the three step writing process
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MacDonald Corporation reported the following information (in thousands) at December 31, 2021. 2021 2020 Accounts receivable $150 $100 Inventory 125 75 Long-term investments 150 100 Land 200 200 300 300 90 75 Buildings Accumulated depreciation - buildings Equipment Accumulated depreciation - equipment Accounts payable 550 400 200 200 200 100 Long term debt 100 50 Long term investments were purchased during the year, none were sold. Equipment was purchased during the year. In addition, equipment with a cost of $100 and a carrying amount of $50 was sold at a loss of $10. Prepare a good format partial investing section of a cash flow statement using the indirect method

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