I need help with plant assets where they go and how to calculate them

Problem 16-11B Preparing the statement of cash flows (indirect method) LO5, 6 CHECK FIGURE: Net cash inflow from investing activities = $16,000 country Feed Inc., a Saskatchewaned farm and ranch livestock feed distributor, began operations on AN A& other information. January 1, 2019. Its post-closing trial balance at December 31, 2019 and 2020 is shown below along with some Jaco $11 Country Feed Inc. Country Feed Inc. July Income Statement For Year Ended December 31, 2020 Post-Closing Trial Balance Revenues: Account December 31 513,600 Sales........ cash....... 2020 2019 Cost of goods sold ........ 343,600 Receivables ........... $ 63,200 $ 65,200 Gross profit .......... 170,000 Merchandise inventory ....... 121,600 128,400 Expenses and other: 43,200 38,800 Other expenses... 167,600 Property, plant, and equipment.. Accumulated depreciation ......... 298,400 272,400 Depreciation expense ............................ 18,000 Accounts payable ... 167,600 165,600 Total expenses and other ..................... 185,600 Accrued liabilities........ 78,800 78,000 (15,600) Notes payable. 5,600 Operating profit (loss) ... 7.200 Gain on sale of plant assets................ 8,000 Common shares ....... 115,200 75,200 80,000 Profit (Loss) .... (7,600) Retained earnings ........... 80,00 79,200 98,800 Other information regarding Country Feed Inc. and its activities during 2020: 1. Assume all accounts have normal balances. 2. Cash dividends were declared and paid during the year. 3. Plant assets worth $70,000 were purchased during the year by paying cash of $20,000 and issuing a long- term note payable for the balance. 4. Plant assets were sold during the year. Required Using the information provided, prepare a statement of cash flows (applying the indirect method) for the year ended December 31, 2020. Analysis Component: Country Feed Inc.'s income statement showed a loss of $7,600 for the year ended s of $4,000