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Luke Corporation is a manufacturer of home furnishings. Its selected financial information in the year...

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Finance

Luke Corporation is a manufacturer of home furnishings. Its selected financial information in the year is listed below:

Borrowed $850,000 from a bank

Purchased equipment for $210,000 in cash

Purchase investments for $285,000

Received dividends of $51,000 from an investment in Davis Corp.

Paid dividends of $55,000

Issued shares of preferred stock for $500,000

Repurchased outstanding common shares using $100,000 in cash

Purchased land for $100,000 cash

Paid $36,000 interest expense on a bank loan

Increased Inventories by $320,000

Increased accounts receivable by $217,000

Increased accounts payable $85,000

Based on GAAP, what is Lukes cash flows from investing activities?

$595,000

$510,000

$850,000

$491,000

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