ABC Company has the following information for the year ended December 31, 2022:

• Cash balance at the beginning of the year: $50,000
• Cash balance at the end of the year: $70,000
• Net income for the year: $100,000
• Dividends paid during the year: $20,000
• Cash flows from operating activities: $120,000

Calculate the cash flows from investing activities for ABC Company for the year ended December 31, 2022.