Question: Here is selected financial statement data regarding a company's long-term investments. Balance Sheet: Dec. 31, 2017 Dec. 31, 2018 $ 556,000 Investments, long-term $ 375,000

Here is selected financial statement data regarding a company's long-term investments. Balance Sheet: Dec. 31, 2017 Dec. 31, 2018 $ 556,000 Investments, long-term $ 375,000 2018 Income Statement: Loss on sale of long-term investments 22,000 During the year, the company sold long-term investments and received $62,000 in cash proceeds for the sale. In the statement of cash flows, the investing activities section should show a cash disbursement for "purchases of long-term investments" for $ . Input number as is, without negative signs, brackets or parenthesis

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