Question: In preparing its cash flow statement for the year ended December 31, 2021, Raintree Cosmetic Co. gathered the following data: Gain on sale of

In preparing its cash flow statement for the year ended December 31,2021, Raintree Cosmetic Co. gathered the following data: Gain on sale of

In preparing its cash flow statement for the year ended December 31, 2021, Raintree Cosmetic Co. gathered the following data: Gain on sale of land Proceeds from sale of land Purchase of Blue, Inc., bonds (face value $215,000) Amortization of bond discount Cash dividends declared Cash dividends paid Proceeds from sales of Red Co. common stock $ 12,500 24,000 355,000 4,300 96,000 75,000 155,000 In its December 31, 2021, statement of cash flows, what amount should Raintree report as net cash outflows from investing activities? Multiple Choice $191,000

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