39.

Equipment which cost $309,000 and had accumulated depreciation of $186,000 was sold for $111,000. This transaction should be shown on the statement of cash flows (indirect method) as a(n)

		deduction from net income of $12,000 and a $111,000 cash inflow from investing activities.
		addition to net income of $12,000 and a $111,000 cash inflow from investing activities.
		deduction from net income of $12,000 and a $123,000 cash inflow from investing activities.
		addition to net income of $12,000 and a $123,000 cash inflow from investing activities.