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Bad Brad's BBQ had cash flows for the year as follows ($ in millions): CASH RECEIVED FROM: Customers $ 3,500 Interest on investments 260 Sale

Bad Brad's BBQ had cash flows for the year as follows ($ in millions):

CASH RECEIVED FROM:
Customers $ 3,500
Interest on investments 260
Sale of land 150
Sale of common stock 630
Issuance of debt securities 2,500
CASH PAID FOR:
Interest on debt $ 310
Income tax 140
Debt principal reduction 1,750
Purchase of equipment 3,400
Purchase of inventory 1,150
Dividends on common stock 260
Operating expenses 550

Bad Brad's would report net cash inflows (outflows) from financing activities in the amount of:

$1,170.

$1,120.

$(1,270).

$1,270.

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