n preparing its cash flow statement for the year ended december 31, 2021, red co. gathered the following data: gain on sale of land $ 12,900 proceeds from sale of land 21,500 purchase of blue, inc., bonds (face value $214,000) 354,000 amortization of bond discount 4,300 cash dividends declared 96,000 cash dividends paid 76,000 proceeds from sales of red co. common stock 156,000 in its december 31, 2021, statement of cash flows, what amount should red report as net cash outflows from investing activities?
