The comparative balance sheets for Azoulay Corp. are as follows (notice the dates):

12/31/24 12/31/23

Cash $ 20,000 $ 17,000

Accounts receivable (net) 30,000 14,000

Inventories 84,000 85,000

Land 86,000 81,000

Plant and Equipment 235,000 200,000

Less: Accumulated Depreciation (52,000) (45,000)

Total assets 403,000 352,000

Accounts Payable 45,000 55,000

Long-term Notes Payable 30,000 22,000

Common Stock 218,000 189,000

Retained Earnings 110,000 86,000

Total Liab. and Stckhldr's Equity $ 403,000 $ 352,000

Other Information for 2024:

During October 2024, Azoulay issued common stock and in December 2024, paid a $25,000 dividend to common stockholders. It did not repurchase any common stock during the year. There were only two transactions concerning Property, Plant, and Equipment in 2024. During March 2024, Azoulay sold Land at cost for $45,000. During June 2024, Azoulay paid cash to acquire Land and a Building.

Net cash flows from investing for 2024 are (parentheses in an answer indicate an outflow):

Group of answer choices and prodvide calculation

($40,000)

($35,000)

($85,000)

($10,000)

None of the above