Two years ago, your company bought $48,500 in bonds from another company. This month, it sold half of those bonds for $22,240 and purchased the common stock of another company for $1,800. On the statement of cash flows for this accounting period, your company would report a net cash:

a. inflow of $20,440 from investing activities.

b. outflow of $20,440 from investing activities.

c. outflow of $22,240 from investing activities.

d. inflow of $22,240 from investing activities.