Baton Rouge Corporation Presented Here Are Cash Flows (In

Multiple Choice

Baton Rouge Corporation Presented here are cash flows (in $ Millions) for Baton Rouge Corporation's most recent fiscal year:
$\begin{array}{lrr}\underline{\text { Cash received from: }}\\ \text { Customers } &\$3,500\\ \text { Interest on investments } &700\\ \text { Sale of old equipment } &3,900\\ \text { Sale of company's capital stock } &400\\ \text { Long-term debt proceeds} &2,500\\\end{array}$


$\begin{array}{lr}\underline{\text { Cash paid for: }}\\\text { Interest on debt } & \$ 365 \\\text { Income tax } &170 \\\text { Principal payments on debt } & 1,300 \\\text { Purchase of building } &900 \\\text { Purchase of inventory } & 1,200 \\\text { Dividends on capital stock } & 400 \\\text { Operating expenses } &770\end{array}$
Net cash flows provided (used) by investing activities are ________.

A) ($1200)
B) $3000
C) $3700
D) $5500