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please confirm if my answers are right Sunland Corporation reported the following information (in thousands) at December 31, 2021: 2021 2020 Long-term investments $170 $95

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Sunland Corporation reported the following information (in thousands) at December 31, 2021: 2021 2020 Long-term investments $170 $95 Land 240 240 Buildings 340 340 Accumulated depreciation-buildings 120 70 Equipment 510 370 Accumulated depreciation--equipment 300 300 Additional information Accumulated depreciation-buildings 120 70 Equipment 510 370 Accumulated depreciation-equipment 300 300 Additional information: 1. The company purchased long-term investments during the year: none were sold. The company purchased equipment during the year and sold some equipment that cost $160 and had a carrying 2 amount of $70 for a gain of $20, Prepare the investing activities section of Sunland's statement of cash flows for the year. (Show amounts that decrease cash flow with either a-sign eg. -15,000 or in parenthesis eg. (15,000).) SUNLAND CORPORATION Statement of Cash Flows (Partial) ($ in thousands) Year Ended December 31, 2021 A Investing activities Purchase of long-term investments $ 75 Sale of buildings 90 Purchase of equipment 300 Net cash used by investing activities $ 285 Save for Later Last saved 18 minutes ago. Attempts:0 of 1 used Submit Answer Saved work will be auto-submitted on the due date. Auto

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