Selected information from Curl Up and Dye Salon's accounting records and financial statements for 2018 is as follows ($ in millions):
A) Cash paid to acquire equipment $20
B) Treasury stock purchased for cash 22
C) Proceeds from sale of land and buildings 45
D) Gain from the sale of land and buildings 16
E) Investment revenue received 33
F) Cash paid to acquire office equipment 40
On its statement of cash flows, the company should report net cash flows from investing activities of:
A) $15 million net outflow
B) $37 million net outflow
C) $30 million net inflow
D) $1 million net inflow
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