Question: Here is selected financial statement data regarding a company's long-term investments. Balance Sheet: Investments, long-term Dec 31, 2018 $ 9,400,000 Dec 31, 2017 $ 9,700,000

Here is selected financial statement data regarding a company's long-term investments.

Here is selected financial statement data regarding a company's long-term investments. Balance Sheet: Investments, long-term Dec 31, 2018 $ 9,400,000 Dec 31, 2017 $ 9,700,000 2018 Income Statement: Loss on sale of long-term investments 109,000 During the year, the company purchased $1,053,000 of long-term investments. In the statement of cash flows, the investing activities section should show a cash receipt for "sale of long-term investments" for $

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