Selected information follows for Cathrea Select Corporation at December 31:

Additional information:
1. Land was sold for cash at a gain of $35,000.
2. Equipment was bought for cash.
Prepare the investing activities section of the cash flow statement.

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2016 Land Buildings Accumulated depreciation-buildings Equipment Accumulated depreciation-equipment 2017 95,000 250,000 (55,000) 237,000 (86,000) $180,000 250,000 45,000) 148,000 (78,000)