A college expended $2,475,000 on a new parking facility. How would this be reported in the statement...

A college expended $2,475,000 on a new parking facility. How would this be reported in the statement of cash flows?

a. As an investing activity by a public college.

b. As a capital and related financing activity by a private college.

c. As an investing activity by a private college.

d. Both a and c are correct.