A company sold an asset with a book value of $56,000 for $35,000 cash. Which of the following is a true statement? A. Loss on sale equals $56,000 and Cash inflow equals $56,000. B. Loss on sale equals $35,000 and Cash inflow equals $35,000. C. Loss on sale equals $21,000 and Cash inflow equals $35,000. D. Loss on sale equals $35,000 and Cash inflow equals $21,000.