Ajax Company purchased $20,000 worth of debt instruments classified as debt securities available for sale. At the end of the year, the investments were worth $23,000. What is the correct presentation of these events in the statement of cash flows prepared under the direct method? Investing cash outflow $20,000 Investing cash outflow, $20,000; subtract $3,000 in reconciliation of earnings in the operating cash flows section. No disclosure is needed. Add $17,000 in reconciliation of earnings and net operating cash flow