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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 $
In preparing its cash flow statement for the year ended December 31, 2021, Red Co. gathered the following data: Gain on sale of land $ 12,600 Proceeds from sale of land 22,000 Purchase of Blue, Inc., bonds (face value $218,000) 359,000 Amortization of bond discount 4,600 Cash dividends declared 93,000 Cash dividends paid 78,000 Proceeds from sales of Red Co. common stock 152,000 In its December 31, 2021, statement of cash flows, what amount should Red report as net cash outflows from investing activities?
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