$$

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

$\backslash$table$[[,2024,$;$023],[$Cash$,$$$26,110,$$$11,800,],[$Building$,1,003,000,885,000,],[$Equipment$,463,740,401,200,],[$Land$,118,000,70,800,],[$Accumulated depreciation$-$building,$362,850,354,000,],[$Accumulated depreciation$-$equipment,$146,320,110,920,],[$Dividends payable,$7,375,2,950,],[$Mortgage payable,$643,100,690,300,]]$

$$

$\backslash$table$[[$Notes payable,$401,200,365,800],[$Common shares: $46,000$ shares in $2024$; $40,000$ in $2023,952,260,808,300],[$Retained earnings,$236,000,118,000],[$Cash dividends declared,$29,500,41,800],[$Depreciation expense$-$buildings,$29,500,50,150],[$Depreciation expense$-$equipment,$57,965,31,860],[$Gain on sale of equipment,$1,180,0],[$Loss on sale of building,$11,800,0],[$Interest expense,$56,935,52,805]]$

Additional information:

Purchased $$88,500$ of equipment for $$11,800$ cash and a note payable for the remainder.

$$

Additional information:

Purchased $$88,500$ of equipment for $$11,800$ cash and a note payable for the remainder.

Equipment was also sold during the year.

Sold a building that originally cost $$59,000.$

Used cash to purchase land and a building.

Mortgage payments and notes payable payments included interest and principal amounts.

Common shares were issued for cash.

$$

Year Ended December $31,2024$

Investing Activities

$

Purchase of Equipment

Net Cash Used by Investing Activities

$