Answer:
Corinne Company
Investing Activities Section of the Statement of Cash Flows:
Equipment sales         $12
Equipment bought   ($58)
Net cash used          ($46)
Explanation:
a) Data and Calculations:
Balance Sheet of Corinne company at the end of 2025 and 2024:
                                                  2025        2024
Cash                                           $50          $70 
Accounts receivable (net)         320          270 
Buildings and equipment         200           150 
Accumulated depreciation
 - buildings and equipment      (36)            (16) 
Land                                          180              80 
Totals                                      $714         $554 
Accounts payable                  $180          $146 
Notes payable- bank long term  0             80 
Mortgage payable                     60               0 
Common stock, $10 par           418            318 
Retained earnings                     56              10 
Totals                                      $714         $554
b) other information:
Land and Common Stock exchange
Equipment sold for $12 (cost $10 and book value $8)
Cash dividends $20
c) Equipment account
Beginning balance 150
Equipment sold        -8
Balance                   142
Closing balance    200
Purchase of new     58 (200 - 142)