Question: Here is selected financial statement data regarding a company's long-term investments. Balance Sheet:Dec. 31, 2018 Dec. 31, 2017 Investments, long-term $ 47,000 $ 23,000 Income

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

Balance Sheet:Dec. 31, 2018 Dec. 31, 2017 Investments, long-term $ 47,000 $ 23,000 Income Statement:2018 Gain on sale of long-term investments 5,000

During the year, the company sold long-term investments for $73,000 cash.

In the statement of cash flows, the investing activities section should show a cash disbursement for "purchases of long-term investments" for $

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