S11-9. (Learning Objective 4: Computing investing cash flows) Motorsports of Madrid, Inc, LO 4 reported the following financial statements for 20X6 Chapter 11 A1 Motorsports of Madrid, Inc. Income Statement Year Ended December 31, 20X6 2 (In thousands 800 340 50 ice revenue 4 Cost of goods sold 5 Salary expense 6 Depreciation expense 7 Other expenses 8 Total expenses 180 610 190 inco 10 Motorsports of Madrid Comparative Balance Sheets December 31, 20X6 and 20X5 2 (In thousands 20X6 20X5 Liabilities Assets 4 Current: 5 Cas 6 Accounts receivable 7 Inventory 8 Prepaid expenses 9 Long-term investments 10 PPE, net 20X6 20X5 Current: 28 11 Accounts payable 77 89 Accrued liabilities 3Salary payable 26 16 69 24 19 54 54 5 Long-term notes payable 79 229 188 Shareholders' Equi Share capital Retained earnings 38 241 237 12 13 Total 14 448 415 Total Compute the following investing cash flows (enter all amounts in thousands) a. Acquisitions of PPE (all were for cash). Motorsports of Madrid sold no PPE. b. Proceeds from the sale of investments. Motorsports of Madrid purchased no investments