Delorme Specialties reported the following at December 31, 2010 (in thousands):

Requirement
1. Determine the following items for Delorme Specialties during 2010:
a. Gain or loss on the sale of property and equipment
b. Amount of long-term debt issued for something other thancash

Transcribed Image Text:

2010 2009 From the comparative balance sheet Property and equipment, ne.$10,950 9,630 Long-term notes payable....4,500 3,040 From the statement of cash flows: DepreciationS 1,950 Capital expenditures....(4,090) Proceeds from sale of property and equipment Proceeds from issuance of long-term note payable...1,250 Payment of long-term note payable.. Issuance of common stock.». 740 (80) 389