Follows a summary of Gold Corp.'s cash flows ($ in millions) for the year ended Dec. 31, 2020: Cash received from: Customers $ 3,150 Interest on investments 290 Sale of land 190 Sale of Rowdy's common stock 780 Issuance of debt securities 2,900 Cash paid for: Interest on debt $ 390 Income tax 170 Debt principal reduction 2,400 Purchase of equipment 5,800 Purchase of inventory 1,900 Dividends on common stock 470 Operating expenses 680 Gold Corp would report net cash inflows (outflows) from investing activities for the period of:

Only two of the listed activities classify as investing activities. The cash flow form investing activities = cash received form the sale of land + cash paid for the purchase of equipment = $190 - $5,800 = -$5,610

Explanation:

Customers $ 3,150 ⇒ operating activity

Interest on investments 290 ⇒ operating activity

Sale of land 190 ⇒ investing activity

Sale of Rowdy's common stock 780 ⇒ financing activity  

Issuance of debt securities 2,900 ⇒ financing activity

Interest on debt $ 390 ⇒ operating activity

Income tax 170 ⇒ operating activity

Debt principal reduction 2,400 ⇒ financing activity

Purchase of equipment 5,800 ⇒ investing activity

Purchase of inventory 1,900 ⇒ operating activity

Dividends on common stock 470 ⇒ financing activity

Operating expenses 680 ⇒ operating activity

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