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Sunland Corporation reported the following information (in thousands) at December 31, 2021: 2021 2020 $170 $95 Long-term investments Land 240 240 Buildings 340 340 Accumulated
Sunland Corporation reported the following information (in thousands) at December 31, 2021: 2021 2020 $170 $95 Long-term investments Land 240 240 Buildings 340 340 Accumulated depreciation-buildings 120 70 Equipment 510 370 Accumulated depreciation equipment 300 300 Additional information: 1. 2. 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 $70 for a gain of $20. Prepare the investing activities section of Sunland's statement of cash flows for the year. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis eg. (15,000).) SUNLAND CORPORATION Statement of Cash Flows (Partial) ($ in thousands) Year Ended December 31, 2021 Investing activities Purchase of long-term investments $ Purchase of equipment Disposal of equipment Net cash used by investing activities $
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