Carrington Company bought a factory building 2 years ago for $250,000. In the current year, it sold the building for $275,000. On the statement of cash flows, the net effect of this transaction would be recorded as

a. income of $25,000 in the Investing Activities section.

b .a gain of $275,000 in the Operating Activities section.

c. a gain of $25,000 in the Operating Activities section.

d. a loss of $25,000 in the Investing Activities section.