Question: Current Attempt in Progress Selected information follows for Crane Select Corporation at December 31: 2021 $95,000 2020 $178,000 Land Buildings 250,000 250,000 Accumulated depreciation-buildings (55,000)


Current Attempt in Progress Selected information follows for Crane Select Corporation at December 31: 2021 $95,000 2020 $178,000 Land Buildings 250,000 250,000 Accumulated depreciation-buildings (55,000) (45,000 ) Equipment 240,000 147,000 Accumulated depreciation-equipment (86,000) (78,000) Additional information: 1. Land was sold for cash at a gain of $30,000. 2. Equipment was bought for cash. Prepare the investing activities section of the cash flow statement. (Show amounts that decrease cash flow with either a signes -15,000 or in parenthesis es. (15,000 Crane Select Corporation Cash Flow Statement (Partial) Investing activities Net cash investing activities $ ting Gain on sale of equipment Depreciation expense Loss on sale of equipment Land purchase Proceeds from equipment sale Proceeds from sale of land Gain on sale of land Loss on sale of land Equipment purchase
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