Atkins Corporation has provided the following information for the year ended December 31, 2014:

The equipment account balance increased 221,000.

The equipment accumulated depreciation account increased $37,100.

Equipment costing $54,200 was sold during the year resulting in a $13,150 gain.

Depreciation expense recorded on the equipment during the year was $68,150.

Which of the following statements is correct with respect to determining cash flow from investing activities? Assume that the equipment purchase and sale resulted in cash flows.

A. A $275,200 cash outflow is reported for equipment purchases.

B. A $54,200 cash outflow is reported for the equipment sale.

C. A $221,000 cash outflow is reported for equipment purchases.

D. A $67,350 cash inflow is reported from the equipment sale.