Selected information from Isadore Bell Corporation's accounting records and financial statements for 2021 is as follows ($ in millions):

Cash paid to acquire equipment	$	126
Cash paid to acquire land		60
Treasury stock acquired with cash and then retired		78
Dividend revenue received		72
Gain from the sale of buildings		84
Proceeds from sale of buildings		138

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

$120 million.

$72 million.

$132 million.

$48 million.

Ludwig Company's prepaid rent was $11,000 at December 31, 2020, and $15,000 at December 31, 2021. Ludwig reported rent expense of $18,000 on the 2021 income statement. What amount would be reported in the statement of cash flows as rent paid using the direct method?

Group of answer choices

None of these answer choices are correct.

$18,000.

$14,000.

$22,000.