Retail Company reported the following cash flow information:

Acquisition of equipment: P122,000

Collection of accounts receivable: P225,000

Issue of 10,000 shares at P15 par: P150,000

Payment of mortgage payable: P300,000

Payment of operating expenses: P55,000

Proceeds from bank loan: P200,000

Sale of investment in trading securities: P84,000

Sale of second-hand equipment: P56,000

How much is the net cash flow from investing activities?

Choices:

(P66,000)

P18,000

(P122,000)

P56,000