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Roberts Company sold equipment for $300,000, purchased a building for $6,750,000, sold short-term investments for $330,000, repaid principal on a note payable for $2,550,000 plus
Roberts Company sold equipment for $300,000, purchased a building for $6,750,000, sold short-term investments for $330,000, repaid principal on a note payable for $2,550,000 plus $280,000 of interest, and paid cash dividends of $25,000.
What was the net cash flow from investing activities?
$6,450,000 outflow.
$6,120,000 outflow.
$8,720,000 outflow.
$8,670,000 outflow.
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