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In preparing its cash flow statement for the year ended December 31, 2021, Red Co. gathered the following data: Gain on sale of land Proceeds
In preparing its cash flow statement for the year ended December 31, 2021, Red Co. gathered the following data: Gain on sale of land Proceeds from sale of land Purchase of Blue, Inc., bonds (face value $213,000) Amortization of bond discount Cash dividends declared Cash dividends paid Proceeds from sales of Red Co. common stock $ 12,100 22,5001 353,000 4,200 92,000 72,000 158,000 In its December 31, 2021, statement of cash flows, what amount should Red report as net cash outflows from investing activities? Multiple Choice $330,500. O O $318,400 $375,500 $190.500
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