Indirect Method $-$ Preparing a Statement of Cash Flows

The accounting records of Guci Corp. show the following data for the current year.

$\backslash$table$[[$Balance Sheet, December $31,$Prior Year,Current Year,Difference$],[$Cash$,$$$1,000,$$$650,$$$(350)$

Preparing the Cash Flow from Investing Activities Section

Gomez Corp. reported the following items for the year ended December $31.$

$\backslash$table$[[$Item$,$Dec $31],[$Sold an investment in debt securities $($long$-$term$)$ for cash,$$48,000$