Alpha Co. purchased a bulldozer from Heavy Lifting $80,000. The terms require Alpha to pay a 10% down payment and finance the remaining balance. The financing terms included a 3 year 8% note payable with monthly payments $500. On June 30^th, Year 1, Alpha completed the transaction and took possession of the bulldozer, with the first payment due on August 1st. What amount should Polk report as an investing activity in the statement of cash flows for the year ended December 31, Year 1?

• A.

  72,000

• B.

  80,000

• C.

  8,000

• D.

  2,500