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  3. in preparing its statement of cash flows for the y

In preparing its statement of cash flows for the year ended December 31, 2019, Coronado...

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Question

Accounting

In preparing its statement of cash flows for the year ended December 31, 2019, Coronado Company collected the following data:

12/31/19

12/31/18

Increase (Decrease)

Land

$640,000

$700,000

$ (60,000)

Equipment

250,000

100,000

150,000

Accumulated Depreciation

105,000

65,000

40,000

Bonds Payable

175,000

245,000

(70,000)

Additional information:

1. In 2019, net income was $100,000 and depreciation expense was $40,000.

2. Land was sold at book value for $60,000 cash.

3. Equipment was purchased for $150,000 cash.

4. No equipment was sold during the year.

5. Bonds payable principal of $70,000 was redeemed for cash.

The net cash provided (used) by investing activities in 2019 is

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