In preparing its cash flow statement for the year ended December 31, 2018, Red Co. gathered the following data: 12 Gain on sale of land Proceeds from sale of land Purchase of Blue, Inc., bonds (face value $213,000) Amortization of bond discount 12,200 22,000 359,000 4,700 92,000 75,000 151,000 points 801234) Cash dividends declared Cash dividends paid Proceeds from sales of Red Co. common stock In its December 31, 2018, statement of cash flows, what amount should Red report as net cash outflows from investing activities? Multiple Choice 324,800 $191.000 $337,000