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In preparing its statement of cash flows for the year ended December 31, 2019, Coronado Company collected the following data: 12/31/19 12/31/18 Increase (Decrease) Land
In preparing its statement of cash flows for the year ended December 31, 2019, Coronado Company collected the following data: 12/31/19 12/31/18 Increase (Decrease) Land $640,000 $700,000 $ (60,000) Equipment 250,000 100,000 150,000 Accumulated Depreciation 105,000 65,000 40,000 Bonds Payable 175,000 245,000 (70,000) Additional information: 1. In 2019, net income was $100,000 and depreciation expense was $40,000. 2. Land was sold at book value for $60,000 cash. 3. Equipment was purchased for $150,000 cash. 4. No equipment was sold during the year. 5. Bonds payable principal of $70,000 was redeemed for cash. The net cash provided (used) by investing activities in 2019 is O A. ($90,000) O B. $50,000 C. ($130,000) O D. ($160,000)
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