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

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Gain in sale of land $12,900

Proceeds from sale of land $ 24,500

Purchase of blue, INC, bonds (face value $213,000) $ 357,000

Amortization of bond discount $ 4,900

cash dividends declared $ 96,000

cash dividends paid $ 75,000

proceeds from sales of Red Co. common stock $159,000.

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