ABC Company had cash flows for the year as follows ($ in millions):

CASH RECEIVED FROM:
Customers	$	2,500
Interest on investments		230
Sale of land		150
Sale of common stock		510
Issuance of debt securities		2,200
CASH PAID FOR:
Interest on debt	$	270
Income tax		80
Debt principal reduction		1,500
Purchase of equipment		5,000
Purchase of inventory		750
Dividends on common stock		240
Operating expenses		800

ABC Company would report net cash inflows (outflows) from financing activities in the amount of:

Multiple Choice

• $970.

• $1,120.

• $(1,120).

• $1,220.