On December 25, 2017, Mr. Jones gives Charity A 1,000 shares of stock that he bought originally for $9,000. No restrictions were placed on this donation. The governing board does not want to speculate on investments. Thus, it has a policy to sell all donated investments as soon as received. These 1,000 shares are sold on December 26, 2017, for their fair value of $28,000. How does the charity report these events on a statement of cash flows?

  a. As a $28,000 cash inflow from an investing activity.
  b. As a $9,000 cash inflow from an operating activity and a $19,000 cash inflow from an investing activity.
  c. As a $28,000 cash inflow from an operating activity.
  d. As a $9,000 cash inflow from a financing activity and a $19,000 cash inflow from an investing activity.