Sandhill Inc. is a private company reporting under ASPE. The following selected account balances were reported in Sandhill Inc.s financial statements at year end:

2021 2020 Cash $ 18,675 $ 8,450 Buildings 838,500 734,000 Equipment 396,000 344,200 Land 94,000 51,750 Accumulated depreciationbuildings 304,500 289,250 Accumulated depreciationequipment 124,000 92,750 Dividends payable 6,200 2,650 Mortgage payable 544,600 584,600 Notes payable 339,500 308,500 Common shares: 5,390 shares in 2021; 3,990 in 2020 538,500 409,500 Retained earnings 200,000 101,000 Cash dividends declared 24,500 9,600 Depreciation expensebuildings 24,250 39,950 Depreciation expenseequipment 47,455 25,600 Gain on sale of equipment 890 0 Loss on sale of building 9,300 0 Interest expense 48,150 44,050

Additional information: 1. Purchased $74,500 of equipment for $9,800 cash and a note payable for the remainder. 2. Equipment was also sold during the year. 3. Sold a building that originally cost $49,500. 4. Used cash to purchase land and a building. 5. Mortgage payments and notes payable payments included interest and principal amounts. 6. Common shares were issued for cash.

Collapse question part (a)

Partially correct answer. Your answer is partially correct. Try again. Determine the amount of any cash inflows or outflows related to investing activities in 2021. (Hint: Use T accounts to calculate the cash flows.) (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)

SANDHILL INC. Cash Flow Statement (Partial) Entry field with correct answer Year Ended December 31, 2021 Entry field with correct answer Investing Activities Entry field with correct answer Purchase of Equipment $Entry field with correct answer -9800 Entry field with correct answer Sale of Equipment Entry field with incorrect answer 890 Entry field with correct answer Sale of Building Entry field with incorrect answer 9300 Entry field with incorrect answer Entry field with incorrect answer Entry field with incorrect answer Entry field with incorrect answer Entry field with incorrect answer $Entry field with incorrect answer now contains modified data