Question: Here is selected financial statement data regarding a company's intangible assets. Balance Sheet: Dec. 31, 2018. Dec. 31, 2017 Intangible assets net: $ 633,000. $

Here is selected financial statement data regarding a company's intangible assets.

Balance Sheet: Dec. 31, 2018. Dec. 31, 2017 Intangible assets net: $ 633,000. $ 1,460,000 Income Statement of 2018: Amortization expense: $ 375,000 Gain on sale of intangible assets: 30,000

During the year, the company sold intangible assets for $600,000 cash.

In the statement of cash flows, the investing activities section should show a cash disbursement for "purchases of intangible assets" for $

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