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Pharoah Corporation reported the following information (in thousands) at December 31, 2021: 2021 2020 Long-term investments $150 $85 Land 260 260 Buildings 350 350
Pharoah Corporation reported the following information (in thousands) at December 31, 2021: 2021 2020 Long-term investments $150 $85 Land 260 260 Buildings 350 350 Accumulated depreciation-buildings 90 80 Equipment 570 395 Accumulated depreciation-equipment 300 300 Additional information: 1. The company purchased long-term investments during the year; none were sold. 2. The company purchased equipment during the year and sold some equipment that cost $150 and had a carrying amount of $70 for a gain of $30. Prepare the investing activities section of Pharoah's statement of cash flows for the year. (Show amounts that decrease cash flow with either a sign e.g. -15,000 or in parenthesis e.g. (15,000).) PHAROAH CORPORATION
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