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The following information was taken from G5c-I9d Company's 2048 statement of cash flows: Investing activities : Cash received from the sale of investments ......... 34,100
The following information was taken from G5c-I9d Company's 2048 statement of cash flows: Investing activities: Cash received from the sale of investments ......... 34,100 Cash paid to purchase investments .................. <74,200> G5c-I9d Company's 2048 income statement reported a gain on the sale of investments of $15,900. Assume the investments account balance at January 1, 2048 was $225,000. Calculate the investments account balance at December 31, 2048.
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