S9-8 (similar to) Motorcars of Vancouver Inc. reported the following financial statements for 2020 B (Click the icon to view the income statement.) BE (Click the icon to view the comparative balance sheet.) Compute the following investing cash flows: a. Acquisitions of plant and equipment (all were for cash). Motorcars of Vancouver sold no plant and equipment b. Proceeds from the sale of investments Motorcars of Vancouver purchased no investments (Enter all amounts in thousands.) a. The acquisition of plant and equipment is $thousand. Question Viewer 1 Income statement Motorcars of Vancouver Inc. Income Statement For the Year Ended December 31, 2020 (in thousands) Sales revenue LA 750 Cost of goods sold 350 VO Salary expense Depreciation expense 10 190 Other expenses 620 Total expenses $ 130 Net income Comparative balance sheet h UN Motorcars of Vancouver Inc. Comparative Balance Sheet As at December 31, 2020, and 2019 (in thousands) Assets 2020 2019 Liabilities 2020 2019 Current: Current Cash $ 21 $ $ 52 $ 47 10 Accounts payable 42 Salary payable Accounts receivable 56 30 28 Inventories 71 87 Accrued liabilities 9 12 Prepaid expenses 4 60 52 3 Long-term notes payable 79 Shareholders' Equity Long-term investments 57 Property, plant, and 45 38 222 235 225 equipment Common shares 181 Retained earnings 402 Total $ 431 $ $ 431 $ 402 Total Print Done