28. In 2019, Johnson Company sold all of its shares of Manza company stock for $2,500. Johnson had purchased the stock in 2017 for $2,900. How would Johnson record the sale of the stock on its 2019 Statement of Cash Flows?

Group of answer choices

None of the above.

As a $2,900 cash inflow for investing activities, with a $400 adjustment to Net Income in the Operating Section.

As a $2,500 cash inflow for investing activities, with a $400 adjustment to Net Income in the Operating Section.

As a $2,900 cash inflow for financing activities, with a $400 adjustment to Net Income in the Operating Section.

As a $2,500 cash inflow for financing activities, with a $400 adjustment to Net Income in the Operating Section.