QUESTION 34 The following information is available for Southern Kentucky, Inc.: $300,000 cash was received from issuing common stock $70,000 cash was received when equipment was sold $100,000 in cash was paid to purchase land $800,000 cash was received when selling merchandise. What amount of net cash flows from investing Activities should be reported by Southern Kentucky, Inc.? $1,170,000 net cash inflow. $70,000 net cash inflow. $1,070,000 net cash inflow. ($30,000) net cash outflow