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Multiple-Choice Exercise 11-10 Cornett Company reported the following information: cash received from the issuance of common stock, $150,000; cash received from the sale of equipment,

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Multiple-Choice Exercise 11-10 Cornett Company reported the following information: cash received from the issuance of common stock, $150,000; cash received from the sale of equipment, $14,800; cash paid to purchase an investment, $20,000; cash paid to retire a note payable, $50,000; and cash collected from sales to customers, $225,000 What amount should Cornett report on its statement of cash flows as net cash flows from financing activities? Oa. $65,200 Ob. $94,800 Oc. $100,000 Od. None of these choices are correct

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