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Sandhill Corporation reported the following information (in thousands) at December 31, 2021: Long-term investments Land Buildings Accumulated depreciation-buildings Equipment Accumulated depreciation-equipment Additional information: 2. 2021
Sandhill Corporation reported the following information (in thousands) at December 31, 2021: Long-term investments Land Buildings Accumulated depreciation-buildings Equipment Accumulated depreciation-equipment Additional information: 2. 2021 $200 250 400 120 530 200 2020 $105 250 400 75 355 200 The company purchased long-term investments during the year; none were sold. The company purchased equipment during the year and sold some equipment that cost $160 and had a carrying amount of $40 for a gain of $10. Prepare the investing activities section of Sandhill's statement of cash flows for the year. (Show amounts that decrease cash flow with either a-sign e.g.-15,000 or in parenthesis e.g. (15,000).)
Sandhill Corporation reported the following information (in thousands) at December 31, 2021: 2021 2020 Long-term investments $200 $105 Land 250 250 Buildings 400 400 Accumulated depreciation-buildings 120 75 Equipment 530 355 Accumulated depreciation-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 equipment that cost $160 and had a carrying amount of $40 for a gain of $10. Prepare the investing activities section of Sandhill's statement of cash flows for the year. (Show amounts that decrease cash flow with either a-sign eg-15,000 or in parenthesis eg (15,000))
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