3. Sonesta Farm equipment Company sold equipment for cash. The income statement shows a loss on sale of $7,000. The net book value of the asset prior to the sale was $26,900. Which of the following statements describes the cash effect of the transaction? A) positive cash flow of $19,900 from investing activities B) negative cash flow of $19,900 for operating activities C) negative cash flow of $19,900 for financing activities D) positive cash flow of $33,900 from financing activities