The net cash flows from investing and financing activities that should be presented on Gorky's statement of cash flows for the year ended December 31, Year 1, are respectively A. B. D. SUBMIT Question 2 The following information was taken from the accounting records of Gorky Corporation for the year ended December 31, Year 1: Cash received from issuance of notes payable $8,000 Dividends paid on Gorky common stock Repayment of notes payable Payment for purchase of machinery Proceeds from sale of plant building Gain on sale of plant building 800 4,000 1,000 2,400 400 The net cash flows from investing and financing activities that should be presented on Gorky's statement of cash flows for the year ended December 31, Year 1, are respectively A. $1,400 and $3,200. B. $1,400 and $4,000. C. $1,800 and $4,000. D. $1,800 and $3,200.