Investing Activities Section . The following information is from the noncurrent asset portion of Santana, Inc.’s balance sheet.
The following activities occurred during 2012:
o Sold equipment with a book value of $3,000 (= $13,000 cost − $10,000 accumulated depreciation) for $4,000 cash and depreciation expense for the year totaled $26,000
o Purchased property for $43,000 cash
o Purchased long-term investments for $15,000 cash Required:
Prepare the investing activities section of the statement of cash flows for Santana, Inc., for the year ended December 31, 2012. Use the format presented in .