In preparing its cash flow statement for the year ended December 31, 2021, Red Co. gathered the following data:

Gain on sale of land$12,600Proceeds from sale of land25,000Purchase of Blue, Inc., bonds (face value $211,000)355,000Amortization of bond discount4,700Cash dividends declared92,000Cash dividends paid71,000Proceeds from sales of Red Co. common stock159,000

In its December 31, 2021, statement of cash flows, what amount should Red report as net cash outflows from investing activities?