1-Property dividends distributed are reported in connection with a statement of cash flows as:

• A financing activity.

• An investing activity.

• A noncash activity.

2-In preparing its cash flow statement for the year ended December 31, 2018, Red Co. gathered the following data:

Gain on sale of land	$	12,200
Proceeds from sale of land		24,000
Purchase of Blue, Inc., bonds (face value $214,000)		352,000
Amortization of bond discount		4,400
Cash dividends declared		99,000
Cash dividends paid		70,000
Proceeds from sales of Red Co. common stock		158,000

In its December 31, 2018, statement of cash flows, what amount should Red report as net cash outflows from investing activities?

• Not reported in the statement of cash flows.