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Question 5 Hamilton Corporate reported the following information at December 31, 2021 2021 2020 Long Term Investments $150 $100 Land $300 $200 Buildings $300 $300
Question 5 Hamilton Corporate reported the following information at December 31, 2021 2021 2020 Long Term Investments $150 $100 Land $300 $200 Buildings $300 $300 Accumulated Deprec- Buildings $90 $75 Equipment $500 $400 Accumulated Deprec - Equipment $200 $200 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 that cost $100 and had a carrying amount of $50 for a gain of $10 (sold for $60) Prepare the Investing activities section of Hamilton's statement of cash flows
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