Hyperion Enterprises received $$120,000$ in dividends from various holdings. Which would it do in this situation, and why?

It would report the $$120,000$ as a cash outflow from investing activities because dividends are monies paid to investors. It would report the $$120,000$ as a cash inflow from investing activities because this is a cash inflow received from investment.

It would attach a separate note to the statement of cash flows because this is not directly related to operations.

It would report the $$120,000$ as a cash inflow from operating activities because this is a cash inflow reported on the income statement.