ABC Corporation's Investing Cash Flows Which of the following is true about ABC Corporation's cash flows from investing activities for the year 2020? [The information below is the same as what appeared on the last group assignment.] Information from the 2020 Income Statement: Net income (loss) $ (380,000) Depreciation expense 150,000 Amortization expense 25,000 Information from the Balance Sheet: Dec. 31, 2020 Cash and equivalents $ ? Dec. 31, 2019 427,000 Accounts receivable 200,000 230,000 Inventory 140,000 160,000 Prepaid expenses 40,000 30,000 Accounts payable 190,000 180,000 50,000 10,000 45,000 20,000 Accrued liabilities Taxes payable Other information: Cash paid for interest, $20,000. Cash paid for dividends, $6,000. Cash dividends received, $4,000. Cash proceeds from bank loan, $29,000. Cash purchase of treasury stock, $11,000. Cash paid for equipment purchase, $27,000. Cash received from issuance of common stock, $37,000. Cash received from sale of land with a $32,000 book value, $25,000. Acquisition of land costing $51,000 by issuing preferred stock. Payment of a $100,000 note payable by giving equipment with a $77,000 book value and $100,000 fair value. Multiple Choice The cash received from the sale of land is a positive investing cash flow. Cash flows from investing activities are lower when calculated using the direct method compared to when using the indirect method. The non-cash value paid for the acquisition of land is a negative investing cash flow. The book value of the equipment used to settle the note payable obligation is an investing cash outflow. The cash paid for an equipment purchase should be excluded from cash flows from investing activities