Chapter 3. Converting accrual accounting data to cash flow data Using the following information, determine the total cash flows from investing activities plant and equipment - opening balance $360,000 plant and equipment - closing balance $400,000 purchase of new equipment $80,000 proceeds from sale of old equipment (cost $40,000; carrying amount $10,000) $6,00 Your response: A. $80,000 cash outflow B. $76,000 cash outflow C. $74,000 cash outflow D. $44,000 cash outflow Mark this question for review