Consecutive balance sheets of ABC Ltd showed the following balances (shown in thousands): 30 June 2009 $000 30 June 2008 S000 Land 800 700 250 280 Equipment Accumulated depreciation equipment (120) (100) During the year ended 30 June 2009, the following happened: Land was revalued upwards by $20,000 The company did not sell any land during the year . The company did not revalue their equipment during the year as the market value did not change. The company sold a piece of equipment with original value of $40,000 and accumulated depreciation of $20,000, and made a loss on sale of $5,000 Assume the only non-current assets the company has are land and equipment. Assume all purchase and sale of non-current assets are for cash. How much was the cash flow from investing activities for the year ended 30 June 2009? ignore tax implications. Note that for this question, the amount in bracket in the answers represent a net cash outflow. For example, $(100,000) means a net cash outflow of $100,000). O a $(90,000) O b. $180,000) O c. $(70,000) O d. None of the options are correct e. $175,000)