Reference no: EM132607285

FlyCo Company has provided the following information for the year ended Dec 31, 2010:

1. Cash paid for interest, $20,000;
2. Cash paid for dividends, $6,000;
3. Cash dividends received, $4,000;
4. Cash borrowed from bank, $29,000;
5. Cash purchase of treasury stock, $11,000;
6. Cash paid for equipment purchase, $27,000;
7. Cash received from the issuance of common stock in FlyCo, $37,000;
8. Cash received from sale of land ($32,000 book value), $25,000;
9. Acquisition of land costing $51,000 in exchange for preferred stock issuance.

Question 1: How much was FlyCo's net cash flow from investing activities?

a. A net outflow of $53,000

b. A net outflow of $2,000.

c. A net inflow of $49,000

d. A net inflow of $2,000.