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Required: Net cash used in Sunlands 2021 investing activities was: a. 1799000 b. 2317000 c. 1716000 d. 1676000 Sunland Company's balance sheet accounts as of

Required: Net cash used in Sunlands 2021 investing activities was:
a. 1799000
b. 2317000
c. 1716000
d. 1676000 image text in transcribed
Sunland Company's balance sheet accounts as of December 21, 2021 and 2020 and information relating to 2021 activities are presented bela December 31 2021 2020 Assets Cash Short-term investments Accounts receivable (net Inventory Long-term investments Plant assets Accumulated depreciation Patent Total assets Liabilities and Stockholders Eauity Accounts payable and accrued liabilities Notes payable (nontrade) Common stock, $10 par Additional paid-in capital Retained earnings Total liabilities and stockholders $ 442000 $200000 601000 1000000 1000000 1390000 1220000 601000 3400000 2010000 (898000) 1898000) 181000 198000 $6518000 $4331000 402000 $1660000 $1450000 578000 1601000 798000 1891000 S6510000 1380000 499000 100 $4331000 Buty Information relating to 2021 activities: Nat income for 2021 was $1490000 *Cash dividends of $601000 ware declared and paid in 2021 *Equipment costing $1010000 and having a carrying amount of $322000 was sold in 2021 for $362000. A long-term investment was sold in 2021 for $322000. There were no other transactions affecting long-term investments in 2021 22100 shares of common stock were issued in 2021 for $25 a share. *Short-term investments consist of treasury bille maturing on 6/30/22 Net cash used in Sunlands 2021 investing activities was O $1799000 52317000 051716000 $1676000

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