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The following balance sheets apply to American Airlines at year-end December 31, 2023: Assets Cash & Cash Equivalents Accounts Receivable Inventory Land Equipment Accumulated Depreciation
The following balance sheets apply to American Airlines at year-end December 31, 2023: Assets Cash & Cash Equivalents Accounts Receivable Inventory Land Equipment Accumulated Depreciation Total Assets Liabilities & Stockholders' Equity Accounts Payable Long-Term Borrowings Common Stock Retained Earnings Total Liabilities & Stockholders' Equity Additional Information: . 2023 $1,200 400 1,220 820 4,600 (800) $7,440 $1,000 1,440 2,000 3,000 $7,440 2022 $800 440 740 500 4,140 (620) $6,000 Net Income for 2023 was $2,200 During 2023, the Company sold Equipment for $740, that originally cost $740 and had a book value of $600 The Company sold Land for $400, resulting in a Loss of $80. The remaining Land change was due to the acquisition of Land for Common Stock. $1,600 1,800 1,200 1,400 $6,000 Using the indirect method, calculate Total Cash Flow from Investing for December 31, 2023? ($800) $1,140 ($860) ($60) ($1,200)
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