Selected information from Frosty Freeze Corporation's accounting records and financial statements for 2022 is as follows ($ in millions):

Cash paid to acquire machinery	$	30
Reacquired Peridot common stock		53
Proceeds from sale of land		94
Gain from the sale of land		51
Investment revenue received		74
Cash paid to acquire office equipment		86

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

A) $76 million.

B) $22 million.

C) $98 million.

D) $31 million.