Flow Company has provided the following information for the year ended December 31, 2014:Cash paid for interest$20,000Cash paid for dividends$6,000Cash dividends received$4,000Cash proceeds from bank loan$29,000Cash purchase of treasury stock$11,000Cash paid for equipment purchase$27,000Cash received from issuance of common stock$37,000Cash received from sale of land with a $32,000 book value$25,000Acquisition of land costing $51,000 in exchange for preferred stock issuancePayment of a $100,000 note payable by exchanging used machinery with a $77,000 book value and $100,000 fair valueRequired:How much was Flow's net cash flow from investing activities:a) A net outflow of $2,000.b) A net inflow of $2,000.c) A net outflow of $53,000.d) A net inflow of $49,000.