The following is select information for Real Co. during 20x6:

	20x6	20x5
Land	21588	7942
Common shares	48355	12923
Long-term notes payable	6626	19826

In addition, land with a fair market value of $13646 was acquired for $4216 cash and 900 common shares. Which of the following total amounts would appear in the cash flow from investing activities section of the statement of cash flows:

Select one:

a. -$4216

b. $49078

c. -$13646

d. $13646

On September 14th, 20x8, Mario Ltd. purchased equipment costing $46390. The company paid a portion in cash and signed a note payable for the remaining amount. Mario Ltd. also purchased a building costing $305157. For the building the company paid $125480 cash and issued common shares for the remaining amount. Notes Payable had a balance of $35705 on the 20x7 financial statements and $63504 on the 20x8 statements. How would these transactions be reflected in the cash flow statement?

Select one:

a. Investing outflow of $ 0 and a financing outflow of $0

b. Investing outflow of $ 144071 and a financing outflow of $0

c. Investing outflow of $125480 and a financing outflow of $ 179677

d. Investing outflow of $144071 and a financing outflow of $ 207476