During the month of August, Boyce Company had the following transactions:

(1) Revenues of $130,000 were earned and received in cash.

(2) Bank loans of $25,500 were paid off.

(3) Equipment of $50,000 was purchased with cash.

(4) Expenses of $78,600 were paid.

(5) Stockholders purchased additional shares for $54,000 cash.

A statement of cash flows for August, would report net cash flows from investing activities of:

Group of answer choices

$50,000.

$28,500.

$29,900.

$51,400.

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