29. Sonesta Farm Equipment Company sold equipment for cash. The income statement shows a loss on the sale of $9,000. The net book value of the asset was $30,900. Which of the following statements describes the cash effect of the transaction?

a. negative cash flow of $21,900 for operating activities

b. positive cash flow of $39,900 from financing activities

c. negative cash flow of $21,900 for financing activities

d. positive cash flow of $21,900 from investing activities

30. Use the following information to calculate the free cash flow of Harris, Inc.

Net cash provided by operating activities, $25,000

Net cash provided by financing activities, $35,000

Net cash used for planned investment in long-term assets, $12,000

Net cash used for investing activities, $20,000

Cash dividends paid, $10,000.

A. 13,000

B. 3,000

C. 18,000

D. 25,000