Selected information from Clinton Corporation's accounting records and financial statements for 2013 is as follows ($ in millions):

Cash paid to acquire machinery	$32
Retired common stock	52
Proceeds from sale of land	97
Gain from the sale of land	52
Investment revenue received	75
Cash paid to acquire office equipment	88

In its statement of cash flows, Peridot should report net cash outflows from investing activities of:

rev: 01_03_2013

$98 million.

$32 million.

$23 million.

$82 million.