A boxland company uses the indirect method for reporting cash flows from operating activities. During an accounting period, plant which had cost OMR 60,000 some years ago was sold for OMR 6,000. The accumulated depreciation on this plant at the time of disposal was OMR 50,000. The effects of this transaction on the statement of cash flows are as follows:

a) Operating activities: Add disposal proceeds OMR 6,000; Investing activities: Subtract loss on disposal of plant OMR 4,000

b) Operating activities: Add back loss on disposal OMR 4,000; Investing activities: Cash received on disposal of plant OMR 6,000

c) Operating activities: Subtract loss on disposal OMR 4,000; Investing activities: Cash received on disposal of plant OMR 6,000

d) Operating activities: Add back loss on disposal OMR 10,000; Investing activities: Cash received on disposal of plant OMR 6,000