36) Selected information from Bell Corporation's accounting records for 2018 is as follows ($ in millions): $ 120 Cash paid to acquire equipment (fixed assets) Cash paid to acquire land Treasury stock acquired with cash Cash received from dividend income Gain from the sale of buildings Proceeds from sale of buildings 54 75 99 135 In its statement of cash flows, Isadore Bell should report net cash flows (cither inflows or outflows) of Investing activities of: A) $39 million. C) $114 million. B) $27 million. D) $48 million. 37) The net income for Doohan Corporation was $280 million for the year ended December 31, 2018, Related information follows: Sale of common stock for cash, $34 million. Amortization of intangible asset, $2 million. Cash dividends paid, $28 million. Increase in accounts receivable, $2 million. Depreciation expense, $40 million. Increase in accounts payable, $18 million. Proceeds from long-term debt, $26 million. Net cash flows (either inflows or outflows) of operating activities during 2018 should be reported as: A) $306 million. B) $338 million. D) $310 million. C) $336 million. 38) Cash flows from financing activities do not include: A) cash received from issuing preferred stock. B) repayment of principal on a bank loan. C) cash paid to acquire treasury stock. D) interest paid on long-term debt. 38) 39) Which of the following would be added to net income when determining cash flows from operating activities under the indirect method? A) A decrease in accounts receivable. C) A gain on the sale of land. 3- B) A decrease in accounts payable. D) An increase in prepaid expenses