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: 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. SANDHILL INC. Cash Flow Statement (Partial) Year Ended December 31,2021 Investing Activities \begin{tabular}{|lll|} \hline Sale of Equipment & $ & 22700 \\ \hline \end{tabular} Sale of Bulding Purchase of Land \begin{tabular}{|r|r|} \hline 49500 \\ \hline \end{tabular} Purchase of Equipment Purchase of Bulding Net Cash Used by Investing Activities eTextbook and Media