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During 2017, Metlock, Inc. sold equipment with a book value of $105600 for proceeds of...

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Accounting

During 2017, Metlock, Inc. sold equipment with a book value of $105600 for proceeds of $127600. The company purchased new equipment for $281600 by signing a long-term note payable. No other transactions impacted long-term asset accounts during 2017. The investing section of the statement of cash flows will report

a. net cash outflows of $154000.

b. net cash inflows of $22000.

c. net cash outflows of $259600.

d. net cash inflows of $127600.

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