Phibbs Company prepared the following data for the year.

Outflow to purchase treasury stock

Inflow from sale of machinery $$64,000$

Inflow from sale of marketable securities $24,500$

Outflow to purchase building $8,000$

Outflow to purchase land $96,000$

Outflow to pay dividends $21,000$

Outflow to pay interest $16,000$

EBook

What is the net cash flow from investing activities?

Multiple Choice

$$ $$84,500$ outflow

$$171,000$ outflow

$$ $$203,500$ outflow

$$ $$54,000$ outfiow

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