Investing Activities Section. The following information is from the noncurrent asset portion of Caldera, Inc.’s balance sheet.
The following activities occurred during 2012: o Sold equipment with a book value of $46,000 (= $170,000 cost − $124,000 accumulated depreciation) for $37,000 cash and depreciation expense for the year totaled $159,000
o Purchased equipment for $310,000 cash
o No additional loans to other entities were made during the year (Hint: Solve for the principal amount on loans collected during the year.)
o Sold long-term investments with an original cost of $27,000 for $33,000 cash Required:
e. Prepare the investing activities section of the statement of cash flows for Caldera, Inc., for the year ended December 31, 2012. Use the format presented in.
f. How much cash was provided by (used by) investing activities? Briefly describe what this amount tells us about the company.