13

A building with a book value of $41,618 is sold for $54,217 cash. Using the indirect method, this transaction should be shown on the statement of cash flows as an increase of

a. $41,618 from investing activities

b. $54,217 from investing activities and a deduction from net income of $12,599

c. $54,217 from investing activities

d. $41,618 from investing activities and an addition to net income of $12,599