Changes in the balance sheet accounts at June $30,20$X$1$ and $20$X$2$ for the Poker Company are presented below:

Increase

$($Decrease$)$

Assets

Cash $ $480,000$

Accounts receivable $200,000$

Inventory $300,000$

Long$-$term investments $200,000$

Equipment $(200,000)$

Accumulated depreciation $(60,000)$

Liabilities and Stockholders$$ Equity

Accounts payable $ $(40,000)$

Dividends payable $400,000$

Notes payable$$Current $(200,000)$

Notes payable$$Long$-$term $400,000$

Common stock, $$1\mathrm{.}00$ par $300,000$

Additional paid$-$in capital $100,000$

Retained earnings $80,000$

Additional Information for $20$X$2$:

Net income was $$480,000$ and dividends of $$400,000$ were declared.

Common stock was issued for cash.

A new long$-$term investment was acquired for $$360,000.$

A long$-$term investment was sold for $$160,000.$

Equipment that cost $$600,000$ was sold for $$200,000.$ The book value of those assets was $$150,000.$

The cash flow from investing activities for $20$X$2$ is a:

Multiple Choice

$$200,000$ outflow.

$$400,000$ inflow.

$$400,000$ outflow.

$$600,000$ inflow.