Comparative Financial Statements for Tomtric Company Follow Additional Data on Activities During 2019 Are as Follows:
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Comparative financial statements for Tomtric Company follow:
Additional data on activities during 2019 are as follows:
• During 2019, Tomtric Company sold used equipment for $3,000 that had cost $15,000 with accumulated depreciation of $8,000.
• New equipment was purchased for $12,000 cash.
• Cash dividends totaling $8,000 were paid.
• Long-term investments that had cost $18,000 when purchased were sold for $18,000.
• Common stock was issued for $10,000.
Prepare the investing activities section of the statement of cash flows.
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