A company reported beginning plantassets, net ofdepreciation, of $732,550; and, an ending amount of $658,000. Depreciation expense of $49,400 and a loss on the sale of equipment of $6,000 were reported on the income statement. The company acquired $218,800 of plant assets during the year. How much will be reported as cash received from the sale of equipment in the investing activities section of the statement of cashflows?

A.

The cash received upon the sale of the equipment was $287,350.

B.

The cash received upon the sale of the equipment was $243,950.

C.

The cash received upon the sale of the equipment was $249,950.

D.

The cash received upon the sale of the equipment was $237,950.