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Sunland Corporation reported the following information (in thousands) at December 31, 2021: 2021 2020 Long-term investments $180 $80 Land 270 270 Buildings 380 380
Sunland Corporation reported the following information (in thousands) at December 31, 2021: 2021 2020 Long-term investments $180 $80 Land 270 270 Buildings 380 380 Accumulated depreciation-buildings 100 70 Equipment 500 360 Accumulated depreciation-equipment 300 300 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 $170 and had a carrying amount of $60 for a gain of $25. Prepare the investing activities section of Sunland's statement of cash flows for the year. (Show amounts that decrease cash flow with either a-sign eg.-15,000 or in parenthesis eg. (15,000).) SUNLAND CORPORATION Statement of Cash Flows (Partial) ($ in thousands) Investing activities Purchase of equipment eTextbook and Media $ $
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