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in preparing its cash flow statement for the year ended December 31,2016, Red Co., gathered...

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Accounting

in preparing its cash flow statement for the year ended December 31,2016, Red Co., gathered the following data: gain on land - $12,700 proceed from sale of land - $24,500 purchase of Blue, Inc., bond (face value of $219,000) -$358,000 amortization of bond discount -$4,700 cash dividends declared -$92,000 cash dividends paid - $75,000 proceeds from sale of Red Co. common stock -$ 159,000

In december 31, 2016, statement of cash flows, what amount should Red repoet as net cash outflows from investing activities? $333,500 $382,500 $194,500 $320,800

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