Research Case #2: Tower Corporation is in the process of preparing the corporation's financial statements for the year ending April 30, 2022. On April 12, 2022 Tower Corporation used excess cash to purchase $100,000 of one month U.S. Treasury Bills. These Treasury Bills will mature on 5/12/22. The Treasury Bill investment is correctly classified as a Cash Equivalent in the April 30, 2022 Balance Sheet. However, the staff accountant for Tower Corp. is unsure of how to classify the $100,000 cash outflow in the Statement of Cash Flows. The accountant is unsure if the cash outflow should be included in the Statement of Cash Flows and if so, would be an operating, investing or financing activity. Accounting Issue: What is the correct way to classify the $100,000 cash outflow for the 30 day U.S. Treasury Bills? Codification Reference: Your interpretation of the guidance: Tower Corp. should classify the $100,000 cash outflow for the purchase of 30-day U.S. Treasury Bills as a. Operating Activity b. Investing Activity c. Financing Activity d. Not reported in the Statement of Cash Flows