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: $ (380,000) Net income (loss) Depreciation expense Amortization expense 150,000 Accounts receivable 25,000 Information from the Balance Sheet: Dec. 31, 2020 Cash and equivalents $ ? 200,000 Inventory 140,000 Dec. 31, 2019 427,000 230,000 160,000 Prepaid expenses 40,000 30,000 Accounts payable 190,000 180,000 Accrued liabilities 50,000 45,000 Taxes payable 10,000 20,000 Other information: 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. Cash flows from investing activities are greater when calculated using the direct method compared to when using the indirect method. The non-cash value paid for the acquisition of land subtracted is added as an adjustment to compute cash flows from investing activities. The cash received from the sale of land is a negative investing cash flow. The value of the note payable that was paid off is a cash outflow from investing activity. The cash paid for the equipment purchase is an investing cash outflow