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Need some help with this. don't think this is correct. Need someone to provide correct answer alongside explanation: Below selected information for Flint Corporation for

Need some help with this. don't think this is correct. Need someone to provide correct answer alongside explanation:

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Below selected information for Flint Corporation for December 31. All purchases were paid for by cash. Land was sold for cash at a loss of $4,600. Equipment with a cost of $50,000 and accumulated depreciation of $40,000 was sold for cash at a gain of $2,800. No other transactions occurred. 2018 2017 Land $105,000 $250,000 Buildings 160,000 80,000 Accumulated Depreciation Buildings 49,100 40,000 Equipment 130,000 180,000 Accumulated Depreciation Equipment 93,600 52,000 Prepare the investing activity section of the statement of cash flows for the year ended December 31, 2018. (Show amounts that decrease cash flow with either a - sign e. -15,000 or in parenthesis e.g. (15,000).) FLINT CORPORATION Statement of Cash Flows (partial) For the Year Ended October 31, 2017 Cash flows from investing activities (4600) Proceeds from sale of land Proceeds from sale of equipment 50,000 T Proceeds from sale of equipment 2,800 Net cash provided 48,200 by investing activities $

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