2019 2020 Cash $6,200 $8,900 Accounts receivable $12,000 $15,200 Inventory $8,000 $6,100 Prepaid insurance $2,200 $2,800 Equipment $24,000 $24,000 Accum. depreciation ($2,000) ($6,000) Land $18,000 $21,000 $68,400 $72,000 2019 2020 Accounts payable $4,400 $5,900 Salaries payable $1,200 $3,400 Utilities payable $1,000 $600 Note payable $36,000 $42.000 Interest payable $1,000 $2,600 Common stock $8,000 $8,000 Retained earnings $16,800 $2,500 $68,400 $72,000 The company purchased additional land for $11,000 during 2020. How much were the net cash flows from investing activities if there was also an $8,000 gain on the sale of a segment of land during the year? $16,000 $5,000 ($11,000) ($15.000) None of the above