Use the information below to answer Question 40-42. Net income Receive cash from issuing stock Pay cash for equipment Increase in accounts receivable Depreciation expense Increase in accounts payable $120,000 80,000 90,000 10,000 $ 30,000 5,000 11 Receive cash from sale of land Pay cash dividends 75,000 20,000 40. Calculate net cash flows from investing activities a) $(165,000). b) $15,000. c) $60,000. d) $(15,000). 41. Calculate net cash flow from operating activities a$115,000. b) $155,000 c) $145,000. d) $190,000 42. Calculate net cash flow from financing activities a) $60,000. b) $(15,000). c) $100,000. d) $80,000