In preparing its cash flow statement for the year ended December 31, 2021 Red Co gathered the long d Gain on sale of land Proceeds from sale of land Purchase of Blue, Inc., bonds (face value $219,000) Amortization of bond discount Cash dividends declared Cash dividends paid- Proceeds from sales of Red Co. common stock $12,500 21,500 353,000 4,900 99,000 77,000 155,000 In its December 31, 2021, statement of cash flows, what amount should Red report as net cash outflows bonding a Multiple Choice $374,500 $331500 $318,900 $197,500