o. Equipment with a book value of $81,000 and an original cost of $162,000 was sold at a loss of $36,000 b. Paid $106.000 cash for a new truck c Sold land costing $320,000 for $410,000 cash yielding a gain of $90,000 d. Long-term investments in stock were sold for $92,800 cash, yielding a gain of 514750 Use the above information to determine cash flows from investing activities (Amounts to be deducted should be indicated with minus sign) Statement of Cash Flows partial) Cash flows from investing activities 2018 CRUZ, INC. Comparative Balance Sheets December 31, 2019 2019 Assets Cash $ 85,900 Accounts receivable, net 36,900 Inventory 77,200 Prepaid expenses 4,900 Total current assets 204,900 Furniture 98,900 Accum. depreciation-Furniture (15,300) Total assets $288,500 Liabilities and Equity Accounts payable $ 13,600 Wages payable 8,100 Income taxes payable 1,300 Total current liabilities 23,000 Notes payable (long-term) 26,800 Total liabilities 49,800 Equity Common stock, $5 par value 207,600 Retained earnings 31, 100 Total liabilities and equity $288,500 $ 21,600 45,800 86,000 3,900 157,300 110,500 (8,300) $259,500 $ 19,100 4,300 2,400 25,800 63,700 89,500 165, 100 4,900 $259,500 CRUZ, INC. Income Statement For Year Ended December 31, 2019 Sales $444,200 Cost of goods sold 285,900 Gract nrofit 158 A CRUZ, INC. Income Statement For Year Ended December 31, 2019 Sales $444,280 Cost of goods sold 285,900 Gross profit 158,300 Operating expenses Depreciation expense $34,200 Other expenses 81,200 115,400 Income before taxes 42,900 Income taxes expense 15,600 Net income $ 27,300 Required: Use the Indirect method to prepare the operating activities section of the statement of cash flows. (Amoun be indicated with a minus sign.) Cash flows from operating activities Adjustments to reconcile net income to operating cash flow Income statement items not affecting cash Changes in current operating assets and liabilities Income taxes expense Net income 15,600 $ 27,300 Required: Use the indirect method to prepare the operating activities section of the statement of cast be indicated with a minus sign.) Cash flows from operating activities Adjustments to reconcile net income to operating cash flow Income statement items not affecting cash Changes in current operating assets and liabilities