Cornett Company reported the following information: cash received from the issuance of common stock, $125,400; cash received

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Cornett Company reported the following information: cash received from the issuance of common stock, $125,400; cash received from the sale of equipment, $23,700; cash paid to purchase an investment, $13,500; cash paid to retire a note payable, $50,000; cash collected from sales to customers, $248,000. What amount should Cornett report on its statement of cash flows as net cash flows from investing activities?

a. $10,200

b. $75,400

c. $85,600

d. None of the above

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