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The following balance sheets apply to American Airlines at year-end December 31, 2023: Assets 2023 2022 Cash & Cash Equivalents $1,400 $1,000 Accounts Receivable 480

The following balance sheets apply to American Airlines at year-end December 31, 2023:

Assets 2023 2022
Cash & Cash Equivalents $1,400 $1,000
Accounts Receivable 480 530
Inventory 1,460 890
Land 980 600
Equipment 5,520 4,970
Accumulated Depreciation (960) (740)
Total Assets $8,880 $7,250
Liabilities & Stockholders Equity
Accounts Payable $1,200 $1,920
Long-Term Borrowings 1,680 2,210
Common Stock 2,400 1,440
Retained Earnings 3,600 1,680
Total Liabilities & Stockholders Equity $8,880 $7,250

Additional Information:

Net Income for 2023 was $2,600. During 2023, the Company sold Equipment for $890, that originally cost $890 and had a book value of $700. The Company sold Land for $500, resulting in a Loss of $100. The remaining Land change was due to the acquisition of Land for Common Stock.

Using the indirect method, calculate Total Cash Flow from Investing for December 31, 2023?

Select one:

a. $(940)

b. $(50)

c. $(1,440)

d. $1,390

e. $(1,010)

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