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Nail Company reported the following information: cash received from the issuance of common stock, $300,000; cash received from the sale of equipment, $29,600; cash paid
Nail Company reported the following information: cash received from the issuance of common stock, $300,000; cash received from the sale of equipment, $29,600; cash paid to purchase an investment, $40,000; cash paid to retire a note payable, $100,000; cash collected from sales to customers, $225,000.
What amount should Nail report on its statement of cash flows as net cash flows provided by investing activities?
Group of answer choices
-$10,400
None of these choices are correct
$110,400
$289,600
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