Strawbale, Incorporated purchases a $340,300 building, paying $238,000 in cash and signing a $102,300 promissory note. What will be reported on the statement of cash flows as a result of this transaction?

Multiple Choice

A $238,000 cash outflow from investing activities and a $102,300 cash inflow from financing activities

A $238,000 cash outflow from investing activities and a $102,300 noncash transaction

A $340,300 cash outflow from investing activities and a $102,300 cash inflow from financing activities

A $340,300 cash outflow from investing activities