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Use the following information for Jackson Corporation to prepare the investing activities section of the statement of cash flows. Purchased treasury stock for $53,000 cash.

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Use the following information for Jackson Corporation to prepare the investing activities section of the statement of cash flows. Purchased treasury stock for $53,000 cash. Paid $49,000 cash for a new truck. Sold land costing $30,000 for $26,000 cash, realizing a $4,000 loss. Equipment with a book value of $125,000 and an original cost of $220,000 was sold at a gain of $22,000. Long-term investments in stock are sold for $41,000 cash, realizing a gain of $3,500

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