Equipment which cost $138,000 and had accumulated depreciation of $74,000 was sold for $72,000. This transaction should be shown on the statement of cash flows (indirect method) as a(n):
a. Addition to net income of $8,000 and a $72,000 cash inflow from financing activities
b. Deduction from net income of $8,000 and a $94,000 cash inflow from investing activities
c. Deduction from net income of $8,000 and a $72,000 cash inflow from investing activities
d. Addition to net income of $8,000 and a $94,000 cash inflow from financing activities.