22. Atkins Corporation has provided the following information for the year ended December 31, 2016 The equipment account balance increased by $215,000 from the beginning of the year to the end of the year The equipment accumulated depreciation account balance increased by $36,500 from the beginning of the year to the end of the year Equipment costing $53,000 was sold during the year resulting in a $12,250 gain. Depreciation expense recorded on the equipment during the year was $67,250. Which of the following statements is correct with respect to determining cash flow from investing activities? Assume that the equipment purchase and sale resulted in cash flows. A $215,000 cash outflow is reported for equipment purchases. O A $65,250 cash inflow is reported from the equipment sale. O A $268,000 cash outflow is reported for equipment purchases. O A $53,000 cash outflow is reported for the equipment sale