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In 2019, BayKing Company sold used equipment for $17,000. The equipment had an original cost...

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Accounting

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In 2019, BayKing Company sold used equipment for $17,000. The equipment had an original cost of $80,000 and accumulated depreciation as of the date of sale was $60,000 Bayking also purchased held-to-maturity securities for $7.000 Net Income for the year was $71,000. There were no other transactions conducted during the period. What are the 2019 net operating cash flows for Bayking under the indirect method?? OA. $74,000 OB. 588,000 OC. $71,000 OD. 568,000

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