Question Content Area

In preparation for completing the statement of cash flows using the spreadsheet method, Williams Company provided the following information relating to patents for 2020:

Balance, 1/1/2020	$4,800
Purchase of 10-year life patent for cash	2,000
Sale of patent at book value	(1,400)
Amortization of patents	(290)
Balance, 12/31/2020	$5,110

The Cash Flows from Investing Activities section would include a net change related to patents of

A. $310

B. $(310)

C. $600

D. $(600)